USA -ECONOMY:U.S. second-quarter GDP plunged by a historic 32.9%

The U.S. economy saw the biggest quarterly plunge in activity ever, though the plummet in the second quarter wasn't as bad as feared.

Gross domestic product from April to June plunged 32.9% on an annualized basis, according to the Commerce Department's first reading on the data released Thursday. Economists surveyed by Dow Jones had been looking for a drop of 34.7%.

Neither the Great Depression nor the Great Recession nor any of the more than three dozen economic slumps over the past two centuries have ever caused such a sharp drain over so short a period of time.

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U.S. second-quarter GDP plunged by a historic 32.9%

Stock Markets: Oil price goes into negative territory as traders get squeezed running for the exits

 Oil prices plunged on Monday as traders got caught in a desperate race to offload contracts for just about any price they could get.

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https://www.cbc.ca/news/business/oil-price-monday-1.5538048