Gross Domestic Product, 2nd Quarter 2020 (Second Estimate); Corporate Profits, 2nd Quarter 2020 (Preliminary Estimate)

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Gross Domestic Product, 2nd Quarter 2020 (Second Estimate); Corporate Profits, 2nd Quarter 2020 (Preliminary Estimate)
Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020, according to the "second" estimate released by the Bureau of Economic Analysis. The change was 1.2 percentage points higher than the "advance" estimate released in July. In the first quarter of 2020, real GDP decreased 5.0 percent. Full Text

Published August 27, 2020 at 05:30AM
Read more at bea.gov

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