US Q2 GDP Crashes By A Record 32.9%, Worse Than Great Depression

https://nationandstate.com/2020/07/30/us-q2-gdp-crashes-by-a-record-32-9-worse-than-great-depression/

Tyler Durden

Thu, 07/30/2020 – 08:35

The biggest question we had ahead of today’s unprecedented GDP drop was “how do we show it on a chart without losing the impact of all other prints?” Well, for better or worse, this is the best we could come up with: at -32.9% annualized, Q2 GDP just plunged by the most on record, surpassing the previous biggest drop of -10% hit in 1958.

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