Date: 04 May, 2020 | By : Taro Chellaram, CCIM
U.S. - A Tough Week for the U.S. Economy
- U.S. GDP declined at an annualized rate of 4.8% in the first quarter, only a hint of what is to come in the second quarter.
- Consumer spending has dried up as people have been confined to their homes—most evident in the record plunge in services consumption in March. April will be even worse.&