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11:00, 19-Jun-2020
U.S. GDP shrank by 4.8% in Q1, economists predict further losses
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The American economy is in a recession. About 45 million Americans have lost their jobs since mid-March due to the COVID-19 pandemic. The country's GDP dropped by nearly five percent in the first quarter. CGTN discussed this issue with Pavlina Tcherneva, associate professor of economics at Bard College.