US economy, in clear sign of recession, shrinks 4.8% in first quarter due to coronavirus
by Don Lee, Los Angeles Times
Apr 29, 2020
2 minutes
WASHINGTON - In the broadest measure so far of COVID-19's economic damage, the government said Wednesday that total U.S. output in the first quarter fell 4.8% - faster than at any time since the Great Recession.
But economists quickly noted that even this decline was likely the tip of the iceberg because the first quarter number included
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