Economy suffers record-breaking GDP fall due to COVID-19

ABC News’ Rebecca Jarvis explains the significance of the U.S. economy’s 32.9% drop last quarter.

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43 thoughts on “Economy suffers record-breaking GDP fall due to COVID-19

  1. Just do something that will make you money whilst you sleep, no matter how little. This pandemic has been a perfect eye opener for us all to really see how life can be without your usual income stream. It's recommendable for you to have a side hustle…. The best thing you can do for yourself is to find a way to make money even while sleeping especially now we have to work and earn from home, Having different streams of making money is the solution to survive. And I've been doing that by investing in the stocks, bitcoin and dividends. I've earned impressive profits I can't mention here working with Mr. Young through his registered investment company. Kindly reach out to him via email linyoun56g@gmail or via
    Instagram @you_ngli .The rich see an economic crisis as the perfect time to invest, they're a step above others because they see an opportunity where others don’t

  2. I posted a video which is only a little over 3 minutes, and which explains something much more fundamental and vital than I've heard anywhere else.

    This needs to be confronted immediately. It involves the potential wave of homelessness and excess commercial property vacancies that's looming. This is damage that cannot be undone! I explain this in a very brief way.

    Watch my video please!

    https://www.youtube.com/watch?v=rRbWx3v5U9E&feature=youtu.be

  3. I have faith….we will bounce back…we have done it before 🙏🙏🙏🙏

  4. I'm an " essential ", I've been working through most of the pandemic. I used to go to the store 3X a week, I can't spend my money because when I get off work EVERYTHING IS CLOSED. I get to shop for food every third Sunday. 🤷🏼

  5. COVID IS MOST LIKELY ALL A SHAM A FAKE! AT THE VERY LEAST THE STUPID
    DEMOCRATS AND EVEN MANY REPUBLICANS MUST WAKE UP AND REALIZE THAT AT THE
    VERY LEAST IT IS NOWHERE NEAR AS BAD AS THE MEDIA KEEPS TRYING TO
    BRAINWASH PEOPLE'S MINDS WITH THE SAME FEAR MONGERING NEWS DAILY!! EVEN
    THE CDC ADMITTED MORE THAN HALF THE CASES AT THE VERY LEAST ARE FAKE
    CASES! "ITS A FALSIFIED OUTBREAK"! STOP WATCHING THE LYING FAKE
    MAINSTREAM NEWS MEDIA! MANY PEOPLE WHO FILLED OUT APPLICATIONS, BUT
    NEVER ACTUALLY TOOK THE TEST ARE BEING CALLED TO BE TOLD THEY TESTED
    POSITIVE LOL!!! WHAT A JOKE!!!!

  6. The previous generations survived wars and more devestating diseases. Whats the difference? More people talking through screens, thats whats messing everything up.

  7. It’s time for Americans to ask themselves how much has Trump and his family faced economic hardship! How much are the big bosses of corporations that have gotten rich off the exploitation of ordinary Americans suffering. Hold them ACCOUNTABLE!!!

  8. Well, if we were to vote wisely, we should NOT vote for a President that has no real consideration for the people health and well being and its economy, Slow reation and having a vendetta against the last President because of his color and NOT his well plan pandemic protocols has caused this long term damage for which he also blames his predecessor instead of taking prompt actions on his part is what you get. Then again if you are supporting the Communist way of life for dependency upon the government, I definietly would say that Donald Dump is the man for the job.

  9. I don’t understand this crap. I’m still working here in Texas and they claiming we are a red state like I don’t see anything life threatening. So technically this is like watching propaganda.

  10. We're left high and dry by the Trumpublicans, who had months to come up with a plan, refused to consider the House plan (proposed two months ago), waited until the last minute, and can't even get their members on board, and prioritized the Whitehouse demands to hide funding for military (originally diverted to fund Trump's Folly- the non-existent wall) and billions to rebuild the FBI building that will benefit Trump's personal businesses in a "relief package". Now they're whining that it's the Democrat's fault.
    There has never been a more corrupt bunch that could't care less about damage their inaction has caused to this country.
    We had hope of going back to work, until the Red States refused to take precautions, wagering their political futures against the deaths, illness and lack of responsibility to their constituents. Now that there are widespread crisis numbers of Covid casualties, especially in Red States, businesses are reclosing (many of them permanently), the jobs are gone, unless you want to work in a "denier" state where no precautions are being taken or enforced, are willing to die to put food on the table, and hopefully won't be evicted.
    In my state, it's estimated that 37% of our citizens will lose their homes now that the moratorium has lapsed, and where's the support for landlords who will be forced file bankruptcy because they can't pay their mortgages and insurance?
    Complete failure on the part of the government to care for the people.
    It's all very well to blame this on China, but the only blame for the state of our nation is indifference, inaction, and denial by the White House and it's enablers.

  11. Check my covid-19 is a fix part 2 seriously people open your eyes to the real world see this is all part of a plan to wipe us people out its to stop us living the government have left the country in debt it's it's a money grabber check it out leave a comment subscribe https://youtu.be/5R3vlrxglyk

  12. I keep hearing comments that homeless people aren’t getting covid19. So maybe that is Their goal.

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