Category Archives : Weekly Bottom Line

Home  >>  Weekly Bottom Line

Weekly Bottom Line

On August 4, 2020, Posted by , In Weekly Bottom Line, With No Comments

Real GDP fell by an historic 9.6% in the second quarter (32.9% annualized), led by declines in spending on services as the economy locked down in March and April. The fall was deep but short. Spending rebounded in both May and June. Consumer spending rose 5.2% in June, with all…