Charts: The Economic Impact of COVID-19 in the U.S. So Far

Charts: The Economic Impact of COVID-19 in the U.S. So Far

From visualcapitalist.com

charts In the second quarter of 2020, the U.S. recorded its steepest drop in economic output on record. As COVID-19 continues to spread around the country leaving economic upheaval in its wake, many economic indicators are trending in undesirable ways. The graphic above is a snapshot of the overall health of the economy at this pivotal moment in time. The Big Picture To put this quarter’s 9.5% drop into perspective, it helps to look back in history. Since record keeping began in 1947, quarterly GDP had never exceeded even a 3% drop (non-annualized). Here are just a few of the problems currently plaguing the ... (full story)

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