WORLD US economy contracts 5.0 pct in Q1 in revised estimate

WORLD

US economy contracts 5.0 pct in Q1 in revised estimate

Xinhua

20:53, May 28, 2020

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Photo: VCG

WASHINGTON, May 28 (Xinhua) -- U.S. economic activity in the first quarter contracted at an annual rate of 5.0 percent in second estimate, 0.2 percentage point lower than advance estimate, the U.S. Commerce Department reported Thursday.



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