The U.S. economy declines by 31.4% year-on-year in the second quarter

　　On the 30th local time, the US Department of Commerce released accurate US GDP data for the second quarter (April to June). This economic aggregate data on goods and services plummeted by 31.4% in the second quarter. This record-breaking data was previously The largest decline in GDP in the history of the United States was three times the nearly 10% decline in the first quarter of 1958; however, the market generally expects that in the third quarter that has just ended, with the restart of US business activities and employment recovery, GDP data will rebound sharply.

(CCTV reporter Liu Xu)

Editor in charge: [Tian Bochuan]