Economy shrank at 5 pct. annual rate in Q1

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U.S. economy shrank at 5% annual rate in the first quarter

The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter.

Gross domestic product, the broadest measure of economic health, fell at an annual rate of 5% in the first quarter, a bigger decline than the 4.8% drop first estimated a month ago, the Commerce Department reported.

https://www.cnbc.com/2020/05/28/us-gdp-q1-2020-second-estimate.html