Gross domestic product

FILE - In this July 13, 2020 file photo, a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year. (AP Photo/Lynne Sladky)
July 30, 2020 - 8:20 am
WASHINGTON (AP) — The U.S. economy shrank at a dizzying 32.9% 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...
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FILE - In this July 13, 2020 file photo, a For Rent sign hangs on a closed shop during the coronavirus pandemic in Miami Beach, Fla. Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about the likelihood of any sustained recovery the rest of the year. (AP Photo/Lynne Sladky)
July 29, 2020 - 1:32 pm
WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year. A huge plunge in consumer spending as people stayed home and avoided...
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July 15, 2020 - 8:01 pm
MEXICO CITY (AP) — The Economic Commission for Latin America and the Caribbean said Wednesday the region’s per-capita gross domestic product is likely to drop by 9.9% in 2020 due to the coronavirus pandemic. That would take the region back to GDP levels of 2010, something the U.N. commission called...
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FILE - In this Thursday, May 14, 2020, file photo California Gov. Gavin Newsom discusses his revised 2020-2021 state budget during a news conference in Sacramento, Calif. Gov. Newsom signed a $202.1 billion state budget Monday, June 29, in Sacramento, Calif. The budget closes an estimated $54.3 billion deficit through a combination of spending cuts, internal borrowing and temporary tax increases on businesses. Like most states, California's deficit was driven by the economic downturn caused by the coronavirus. (AP Photo/Rich Pedroncelli, Pool, File)
June 30, 2020 - 9:29 am
SACRAMENTO, Calif. — Los Angeles will close beaches and ban fireworks displays over the holiday weekend. California officials are warning further restrictions may be necessary to curb a troubling spike in coronavirus cases in much of the state. Gov. Gavin Newsom says he’s prepared to impose...
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U.S. Secretary of Defense Mark Esper, left, and NATO Secretary General Jens Stoltenberg participate in a joint press conference at NATO headquarters in Brussels, Friday, June 26, 2020. U.S. Secretary of Defense Mark Esper is at NATO to follow-up on a broad range of issues raised during last week's NATO defense ministerial. (AP Photo/Virginia Mayo, Pool)
June 26, 2020 - 7:14 am
BRUSSELS (AP) — U.S. Defense Secretary Mark Esper on Friday sought to reassure allies at NATO that Washington will consult them on any future troop movements, after President Donald Trump surprised partners at the military alliance by announcing the withdrawal of thousands of personnel from Germany...
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An empty parking lot is seen at a temporarily closed Kohl's department store, Wednesday, April 29, 2020, in Havertown, Pa. Devastated by the coronavirus, the U.S. economy is sinking. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the year. (AP Photo/Matt Slocum)
June 25, 2020 - 8:52 am
WASHINGTON (AP) — The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period, which will show what happened when the pandemic began spread across the U.S. The Commerce Department reported Thursday that the decline in the...
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A resident wearing a mask to curb the spread of the new coronavirus waits near government propaganda with the words "Democracy" and "People first" on the street of Beijing on Thursday, June 18, 2020. China's capital Beijing reported a decline in newly confirmed cases of coronavirus Thursday as the city continued to press stricter measures to contain a new outbreak. (AP Photo/Ng Han Guan)
June 18, 2020 - 12:35 am
BEIJING (AP) — China’s capital Beijing reported a decline in newly confirmed cases of coronavirus Thursday as the city continued to press stricter measures to contain a new outbreak. A total of 158 people have been confirmed as infected since the new outbreak was detected last week at the Xinfad...
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May 28, 2020 - 7:51 am
WASHINGTON (AP) — The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter. The Commerce Department reported Thursday that the gross domestic product, the...
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Dermatologist Dr. Seemal Desai poses for a photo in an examination room in his office in Plano, Texas, Thursday, May 7, 2020. Desai uses the privacy of an examination room and a tablet computer to virtually visit with some of his patients. (AP Photo/Tony Gutierrez)
May 18, 2020 - 8:45 am
The global coronavirus pandemic has created a huge need for health care in the U.S., but it also is delivering a devastating financial blow to that sector. COVID-19 worries have kept patients away from doctors' offices and forced the postponement and cancellation of non-urgent surgeries. The...
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FILE - In this Monday, April 6, 2020 file photo, chairs and tables are piled in front of a bar in St. Mark's Square, in Venice during a lockdown to prevent the spread of the coronavirus. The coronavirus outbreak is straining social safety nets across the globe - and underlining sharp differences in approach between wealthy societies such as the United States and Europe. In Europe, the collapse in business activity is triggering wage support programs that are keeping millions on the job, for now. (AP Photo/Andrew Medichini, File)
May 10, 2020 - 4:18 am
The coronavirus pandemic is straining social safety nets across the globe — and underlining sharp differences in approach between wealthy societies such as the United States and Europe. In Europe, the collapse in business activity is triggering wage support programs that are keeping millions on the...
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