US economy falls 4.8% in Q1, the biggest fall since the Great Recession - Plataforma Media

US economy falls 4.8% in Q1, the biggest fall since the Great Recession

In the first quarter of 2020, the North American economy had its biggest fall since the Great Recession, reflecting the measures to stop activities to contain the outbreak of the new coronavirus.

The fall of 4.8% in the quarter, in annualized terms, ended the largest cycle of economic growth recorded in the history of the United States. The disclosure of the North American GDP (Gross Domestic Product), in an annualized rate, is different from the reading of the Brazilian economy, which is always done by the variation in the quarter.

By quarterly reading, U.S. GDP decreased 1.2% in the period from January to March, when compared to October to December 2019.

Read more in portuguese at Folha de S. Paulo

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