U.S. GDP fell at 5% rate in Q1; worse is likely on the way

U.S. GDP declined 5% year over year in the first quarter, but economists are predicting an even sharper drop in the second quarter. / AP FILE PHOTO/WILFREDO LEE
U.S. GDP declined at a 5% annual rate in the first quarter, but economists are predicting an even sharper drop in the second quarter. / AP FILE PHOTO/WILFREDO LEE
WASHINGTON (AP) – The United States economy shrank at a 5% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic. The Commerce Department reported Thursday that the decline in the gross domestic product, the total output of goods and services, in the…

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