{"id":32120,"date":"2020-07-30T17:32:03","date_gmt":"2020-07-30T13:32:03","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=32120"},"modified":"2020-07-30T17:32:06","modified_gmt":"2020-07-30T13:32:06","slug":"us-gdp-contracts-by-nearly-33-in-q2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-gdp-contracts-by-nearly-33-in-q2\/07\/30\/market-updates\/","title":{"rendered":"US GDP Contracts by Nearly 33% in Q2"},"content":{"rendered":"\n<p>The United States economy saw its worst quarter on record, after the gross domestic product (GDP) contracted by around 33% during the second quarter (Q2) of 2020, due to the COVID-19 pandemic.<\/p>\n\n\n\n<p>Preliminary data by the US Department of Commerce showed that GDP declined by 32.9% on an annual basis.<\/p>\n\n\n\n<p>Personal consumption accounted for 25% of the GDP, compared with its usual level near 65%, according to CNBC.<\/p>\n\n\n\n<p>Prices for domestic purchases decreased by 1.5%, after rising by 1.4% in Q1.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United States economy saw its worst quarter on record, after the gross domestic product (GDP) contracted by around 33% during the second quarter (Q2) of 2020, due to the COVID-19 pandemic. Preliminary data by the US Department of Commerce showed that GDP declined by 32.9% on an annual basis. Personal consumption accounted for 25% &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32121,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,36],"tags":[194,6858],"class_list":["post-32120","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-market-updates","tag-gdp","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=32120"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32120\/revisions"}],"predecessor-version":[{"id":32122,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/32120\/revisions\/32122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32121"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=32120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=32120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=32120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}