18 min listen
How the U.S. Economy Just Lost 33% of its Value
How the U.S. Economy Just Lost 33% of its Value
ratings:
Length:
20 minutes
Released:
Sep 8, 2020
Format:
Podcast episode
Description
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.
For reference, the 2008 subprime mortgage crisis of 2008 saw an 8% drop in annualized GDP figures at its peak.
Released:
Sep 8, 2020
Format:
Podcast episode
Titles in the series (100)
Why Amazon is Begging For Regulations: The Twisted Economics of Amazon by Economics Explained