How the U.S. Economy Just Lost 33% of its Value

Economics Explained

EpisodeSep 8, 202020m

How the U.S. Economy Just Lost 33% of its Value

Economics Explained

EpisodeSep 8, 202020m

On the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd quarter Gross Domestic Product report. The report noted a 32.9% contraction in annual GDP growth in the months of April, May, and June. For reference, the 2008 subprime mortgage crisis of 2008 saw an 8% drop in annualized GDP figures at its peak. Learn more about your ad choices. Visit megaphone.fm/adchoices

Top comments

On Economics Explained, we take a look at interesting countries, policies, and decisions from the point of view of an economist. The world is an interesting place and we hope to uncover some of this intrigue in our short, informative podcasts.

podcasters.spotify.com/pod/show/economicsexplained

Switch to the Fountain App

Open in Fountain