FOX BIZ NEWS: Second-quarter GDP plunges 32.9%, worst decline on record

Second-quarter GDP plunges 32.9%, worst decline on record



The U.S. economy shrank at a dizzying 33% annual rate in the April-June quarter — by far the worst quarterly plunge ever — when the viral outbreak shut down businesses, throwing tens of millions out of work and sending unemployment surging to 14.7%, the government said Thursday.