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US: Real GDP Contracts by 31.7% in Q2

Adel 27 August, 2020 4:41 pm Market Update

The United States’ Real Gross Domestic Product (GDP) contracted at an annual rate of 31.7% in the second quarter, the US Bureau of Economic Analysis’ second estimate showed on Thursday. This reading came in better than the advance estimate of 32.9% and the market expectation of 32.5%.

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