Trump’s dream of a V-shape economic rebound from coronavirus slowly slips away

This story is published in a content partnership with POLITICO. It was originally reported by Ben White on politico.com on July 30, 2020.The US economy shrank at a 32.9 per cent annualised pace between April and June as the coronavirus slammed businesses and consumers, the Commerce Department said on Thursday, marking the nation’s worst quarterly contraction on record.Separately, the Labour Department said Thursday that initial claims for jobless benefits rose to 1.43 million last week. New… …read more

Source:: SCMP – United States & Canada

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