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A weekly reality-check on the issues Americans care about most. Host Warren Olney draws on his decades of experience to explore the people and issues shaping – and disrupting - our world. How did everything change so fast? Where are we headed? The...
US GDP falls 4.8% as Covid-19 lockdown weighs on growth
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By France Médias Monde and FRANCE 24. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
The US economy has contracted at its fastest pace in over a decade, due to the coronavirus pandemic and lockdown. The 4.8 percent drop in the first quarter of 2020 was steeper than most economists had predicted and the sharpest slowdown since the financial crisis in 2008. Also on the show: the aviation sector is in focus, as Boeing announces thousands of job cuts and Airbus scales back production. Global air traffic has been cut in half as the pandemic drags on.
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