U.S. GDP worst level Corona economic recovery uncertain

U.S. GDP worst level Corona uncertain economic recovery uncertain July 31 4:38

In the United States, the growth rate of GDP (Gross Domestic Product) from April to June was minus 32.9% on an annualized basis, the worst since 1947 when we started collecting statistics. In the United States, the spread of the new coronavirus has not stopped, and it is unclear how much the economy will recover in the future.

The preliminary figures for the growth rate of GDP from April to June, announced by the US Department of Commerce on the 30th, were minus 32.9% compared to the previous three months in real terms converted into annual rates.

This is the worst level since 1947, after World War II, when quarterly statistics began to be gathered.

By item, personal consumption, which accounts for about 70% of GDP, was minus 34.6%, and exports were minus 64.1%, a record-breaking deterioration, and the spread of the new virus has had a tremendous impact on the US economy. Was shown.

In the future, the focus of attention will be on the pace of economic recovery, which is depressed.

The stock price has been restored to nearly the level it was before the spread of the infection, driven by IT companies with strong performance.

However, as the number of infected people suddenly increased again from the end of June, the spread of the infection has not stopped, and consumption is sluggish, and there are moves to dismiss employees.

For this reason, the Trump administration is considering additional economic measures, but it remains unclear how much the economy will recover in the future.