1. US economy has worst-ever quarter with epic 32.9% dive in Q2 GDP  Al Jazeera English
  2. Eurozone GDP shrinks at the fastest rate in history, losing 12.1% in the second quarter  Business Insider
  3. US and Europe report record GDP declines due to coronavirus | DW News  DW News
  4. Germany's economy fared worse than the US economy, but Trump-hating journalists are mangling numbers to convince you otherwise  Washington Examiner
  5. US cannot have real economic recovery as long as pandemic continues: Global Times editorial  Global Times
  6. View Full Coverage on Google News
Eurozone GDP fell by 12.1% in the second quarter, its biggest decline in history. This is significantly higher than the Eurozone's Q1's GDP cont... Eurozone GDP fell by 12.1% in the second quarter, its biggest decline in history. This is significantly higher than the Eurozone's Q1's GDP cont...

Eurozone GDP shrinks at the fastest rate in history, losing 12.1% in the second quarter | Markets Insider

France's economy contracted by a record 13.8 percent in the second quarter under the impact of coronavirus lockdowns, the national statistics institute INSEE said Friday. France's economy contracted by a record 13.8 percent in the second quarter under the impact of coronavirus lockdowns, the national statistics institute INSEE said Friday. 

French economy sees record drop in wake of coronavirus lockdowns

As awful as the GDP report was, it was the unemployment figures that were released on the same day that painted an even bleaker picture of what likely lies ahead.

For economy, the worst is still not behind us (Editorial) - masslive.com

Job losses, business closures, high unemployment, and uncertainty are our new normal.Job losses, business closures, high unemployment, and uncertainty are our new normal.

The Economy Just Suffered Its Worst Tumble on Record. Here is the Personal Impact | Independent Women's Forum

Germany’s economy did worse than the U.S. economy last quarter, but liberal journalists are convincing the public otherwise by playing number games.Germany’s economy did worse than the U.S. economy last quarter, but liberal journalists are convincing the public otherwise by playing number games.

Germany's economy fared worse than the US economy, but Trump-hating journalists are mangling numbers to convince you otherwise

The president is right; Congress should prioritize extending unemployment benefits and eviction protections immediately and confer on a larger relief package after the August recess. <p>The president is right; Congress should prioritize extending unemployment benefits and eviction protections immediately and confer on a larger relief package after the August recess.</p>

Mayes: Generous benefits the lifeblood of a pandemic economy - ExpressNews.com

The euro pared gains made during the Asian session as traders reacted to disappointing GDP data from the Eurozone. According to Eurostat, the EurozoneThe euro pared gains made during the Asian session as traders reacted to disappointing GDP data from the Eurozone. According to Eurostat, the Eurozone

Euro set for best month in a decade as USD falters

Steepest GDP contraction on record confirmed

The Italian economy contracted by a record 12.4% quarter-on-quarter in 2Q20, in seasonally-adjusted terms (-17.3% YoY). The second quarter, which had a severe lockdown lasting for more than a full month, was widely expected to be terrible, and this was indeed the case.  

As usual at the prelim

Italy: Steepest ever quarterly GDP contraction confirmed | MENAFN.COM

GDP in US falls by highest rate since 1947 - Chinadaily.com.cn

Morgan Stanley predicts America's record-setting GDP plunge in the second quarter will be followed by a record-setting increase the next 3 months.

After a record plunge from April to June, the US economy is set to bounce back, but not all the way

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Spain, France and Italy suffer double-digit falls in economic output as the pandemic hits jobs and spending.Spain, France and Italy suffer double-digit falls in economic output as the pandemic hits jobs and spending.

Eurozone suffers deepest contraction on record - BBC News

Monetary policy and low interest rates won't turn the economy around. More Congressional spending is needed in the face of the economic slowdown cause by surging Covid-19 caseloads.Monetary policy and low interest rates won't turn the economy around. More Congressional spending is needed in the face of the economic slowdown cause by surging Covid-19 caseloads.

The Fed Does Its Part. Congress Must Provide Unemployment And Other Stimulus—Now.

France, Italy, Spain begin to see startling virus hits to economiesFrance, Italy and Spain reported precipitous contractions Friday for their coronavirus-battered economies, with the pandemic wiping out years of growth in a matter of weeks as the...

France, Italy, Spain begin to see startling virus hits to economies | Daily Sabah

Adjusted for inflation and reported by quarterly totals, the economy would have had to contract at three times the observed rate to make it accurate.Adjusted for inflation and reported by quarterly totals, the economy would have had to contract at three times the observed rate to make it accurate.

CNN, MSNBC Anchors Cite Misleading GDP Numbers to Make Disastrous Economic Performance Seem Even Worse | National Review

The German economy, often described as the economic motor of the EU, has in the second quarter of 2020 experienced a record level of the decrease of the gross domestic product. Meanwhile, the country has managed to keep its unemployment level low.The German economy, often described as the economic motor of the EU, has in the second quarter of 2020 experienced a record level of the decrease of the gross domestic product. Meanwhile, the country has managed to keep its unemployment level low.

German economy contracts by record 10% in second quarter | Baltic News Network - News from Latvia, Lithuania, Estonia

Headlines have been buzzing about what seems like the latest omen of doomsday: According to a report released today, the gross domestic product (GDP) nosedived by 32.9% on an annualized rate in Q2 of this year — that is, April through June. The key takeaway seems to be that it marks a fall worse thanHeadlines have been buzzing about what seems like the latest omen of doomsday: According to a report released today, the gross domestic product (GDP) nosedived by 32.9% on an annualized rate in Q2 of this year — that is, April through June. The key takeaway seems to be that it marks a fall worse than

The GDP Saw An Enormous Drop Last Quarter. Does That Mean We’re In A Great Depression?

A coronavirus recession is gripping France, Spain, and the United States. As governments release second quarter annual reports, the countries’ GDP indicate record-breaking lows.A coronavirus recession is gripping France, Spain, and the United States. As governments release second quarter annual reports, the countries’ GDP indicate record-breaking lows.

Coronavirus Recession Takes Hold of US, France, and Spain

U.S. Highlights Real GDP fell by an historic 9.6% in the second quarter (32.9% annualized), led by declines in spending on services as the economy locked down in March and April. The fall was deep but short. Spending rebounded in both May and June. Consumer spending rose 5.2% in June, with all major categories seeing […]

The Weekly Bottom Line: Historical Decline in GDP As Virus Struck in Q2 | Action Forex

France suffers record GDP plungeFrance suffers record GDP plunge

France Suffers Record GDP Plunge

Report cards on the massive economic toll of the coronavirus were issued in the U.S. and Europe this week and they were downright abysmal. The U.S., GermanReport cards on the massive economic toll of the coronavirus were issued in the U.S. and Europe this week and they were downright abysmal. The U.S., German

Charting the global economy: GDP report cards are out and awful | The Japan Times

The Eurozone GDP posted a major decline of 12.1% in Q2The Eurozone GDP posted a major decline of 12.1% in Q2

Eurozone GDP Dives in Q2, But CPI Increases in July - Forex News by FX Leaders

Nowcasts from the Atlanta and New York fed predict double digit surge in America's economyNowcasts from the Atlanta and New York fed predict double digit surge in America's economy

New York Fed ‘Nowcast’ Predicts GDP to Surge 16.8 Percent in Third Quarter

World stock markets ended the week on a low note yesterday in the face of almost unremitting bad news of rapidly-shrinking economic activity, highlighting the 'devastating impact coronavirus has had on the global economy, analysts said.
A tweet from US President Donald Trump suggesting delaying November's elections also jolted investors, helping send

Europe markets end week down on 'devastating impact' of Covid-19 | MENAFN.COM

Europe as a whole was hammered by its sharpest rec­orded contraction in the second quarter.Europe as a whole was hammered by its sharpest rec­orded contraction in the second quarter.

World stocks struggle as economies shrink sharply - Newspaper - DAWN.COM

PARIS - Nation after nation across Europe on Friday unveiled the extent of historic economic devastation as resurgent coronavirus cases forced agonising new trade-offs between lives and financial health.PARIS - Nation after nation across Europe on Friday unveiled the extent of historic economic devastation as resurgent coronavirus cases forced agonising new trade-offs between lives and financial health.

Record economic slumps hit Europe in face of resurgent virus

Southern Europe power demand surging but could fall back | ICIS

The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no sign of abating. The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.9% annual rate last quarter and is still inflicting damage across the country, squeezing already struggling businesses and forcing a wave of layoffs that shows no sign of abating.

Economic dip in April-June is biggest ever

Gross domestic product in the U.S. plunged 32.9 percent on an annualized basis in the second quarter, a rate that is considered the steepest decline in more than 70 years, according to an advance estimate released by the Bureau of Economic Analysis. 

GDP sees steepest drop in 70 years

Terrible GDP numbers reveal the widespread damage done by the pandemic shutdowns.Terrible GDP numbers reveal the widespread damage done by the pandemic shutdowns.

Nate Jackson: Time to Grow the Economy, Not to Lock It Down Again — The Patriot Post

U.S. consumer spending presses ahead; declining income poses challenge

PARIS (AP) — The economy of the 19-country eurozone shrank by a devastating 12.1% in the April-June period from the quarter before - the largest drop on record - asPARIS (AP) — The economy of the 19-country eurozone shrank by a devastating 12.1% in the April-June period from the quarter before - the largest drop on record - as

Eurozone economy suffers record drop during lockdown months | Latest News | journalnow.com

France's economy contracted by a record 13.8% in the second quarter of 2020 under the impact of  the coronavirus lockdown, according to the national statistics institute INSEE.France's economy contracted by a record 13.8% in the second quarter of 2020 under the impact of  the coronavirus lockdown, according to the national statistics institute INSEE.

French economy plunges by almost 14% as Covid-19 lockdown takes its toll

Higher-frequency economic indicators paint a picture not of a building recovery, but of a pandemic-stricken economy at risk of flatlining or declining after regaining some ground Higher-frequency economic indicators paint a picture not of a building recovery, but of a pandemic-stricken economy at risk of flatlining or declining after regaining some ground

Ignore GDP. Here’s What Investors Should Watch for Economic Insights During the Pandemic. - Barron's

Spain was worst hit, followed by Portugal and France.

Eurozone economy shrinks by record 12.1 percent in second quarter - POLITICO

According to Eurostat, the GDP collapse that has affected both the Eurozone and the broader EU marks the largest recorded contraction of its kind since 1995.According to Eurostat, the GDP collapse that has affected both the Eurozone and the broader EU marks the largest recorded contraction of its kind since 1995.

Eurozone GDP Shows Record 12.1% Slump in Q2 2020, Eurostat Reports - Sputnik International

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France suffers worst economic collapse on record due to Covid-19 lockdownFrance suffers worst economic collapse on record due to Covid-19 lockdown

France suffers worst economic collapse on record due to Covid-19 lockdown — RT Business News

The US economy suffered its biggest blow since the Great Depression in the second quarter as the COVID-19 pandemic shattered…

COVID-19 Crushes US Economy in Second Quarter; Rising Virus Cases Loom Over Recovery | Jewish & Israel News Algemeiner.com

International, MNA | Italy's economy contracted by 12.4 percent in the second quarter, the national statistics bureau Istat said on Friday, as coronavirus lockdowns knockedInternational, MNA | Italy's economy contracted by 12.4 percent in the second quarter, the national statistics bureau Istat said on Friday, as coronavirus lockdowns knocked

Italy's GDP plunges 12.4pct on virus impact | Macau Business

The U.S. economy dived an annualized real 32.9 percent in the April to June period amid the coronavirus pandemic, the worst quarterly deterioration since comparable data became available in 1947.The U.S. economy dived an annualized real 32.9 percent in the April to June period amid the coronavirus pandemic, the worst quarterly deterioration since comparable data became available in 1947.

U.S. GDP in April-June shrinks at record 32.9% pace amid pandemic

Euro Falls on Weak Euro Area Macro Prints, Retail Sales, GDP and CPI — Forex News

Spain recorded a historic fall in GDP in the second quarter of the year, with the 18.5% drop wiping out all the post-financial crisis recovery of the last six years, data from National Statistics Institute showed on Friday. The contraction, worse than the 16.6% expected by analysts, came after a 5.2% drop in the first quarter, dragging the country into its steepest recession ever, at a record pace.Spain recorded a historic fall in GDP in the second quarter of the year, with the 18.5% drop wiping out all the post-financial crisis recovery of the last six years, data from National Statistics Institute showed on Friday. The contraction, worse than the 16.6% expected by analysts, came after a 5.2% drop in the first quarter, dragging the country into its steepest recession ever, at a record pace.

Spain enters steep recession, wiping out six years of growth