US Economy Contracted Below Expectations in Second Quarter

US Economy Contracted Below Expectations in Second Quarter The US Economy Contracted Below Expectations in Second Quarter The US economy contracted below expectations in the second quarter. The country's GDP was revised to 31.4 percent in the second quarter, with an annualized figure. The gross domestic product (GDP) in the United States was restated from 31.7 percent contraction in the second quarter of this year to 31.4 percent contraction. According to the median estimates of economists surveyed by Bloomberg, the expectation of the US economy to shrink was 31.7 percent. The estimates of 66 economists surveyed by Bloomberg were between 32.1 percent and 30 percent contraction. GDP fell by 5 percent in the previous quarter. Personal income in the country decreased by 33.2 percent in the second quarter. This data fell 6.9 percent in the previous quarter. The GDP price index decreased by 1.8 percent in the second quarter after increasing 1.4 percent in the first quarter of the year. The core GDP price index increased by 1.6 percent in the first quarter, then fell 0.8 percent in the second quarter. contracted below expectations in the second quarter. The country's GDP was revised to 31.4 percent in the second quarter, with an annualized figure. The gross domestic product (GDP) in the United States was restated from 31.7 percent contraction in the second quarter of this year to 31.4 percent contraction. According to the median estimates of economists surveyed by Bloomberg, the expectation of the US economy to shrink was 31.7 percent. The estimates of 66 economists surveyed by Bloomberg were between 32.1 percent and 30 percent contraction. GDP fell by 5 percent in the previous quarter. Personal income in the country decreased by 33.2 percent in the second quarter. This data fell 6.9 percent in the previous quarter. The GDP price index decreased by 1.8 percent in the second quarter after increasing 1.4 percent in the first quarter of the year. The core GDP price index increased by 1.6 percent in the first quarter, then fell 0.8 percent in the second quarter.