Just in: U.S. economy contracts 31.4 pct in Q2 in final estimate

Source: Xinhua| 2020-09-30 21:24:31|Editor: huaxia

Customers are seen at the outdoor dining area of a restaurant at SoHo in New York, the United States, on July 30, 2020. (Xinhua/Wang Ying)

WASHINGTON, Sept. 30 (Xinhua) -- The U.S. economy contracted at an annual rate of 31.4 percent in the second quarter amid mounting COVID-19 fallout, 0.3 percentage point higher than the second estimate in late August, the U.S. Commerce Department said in its third and final estimate released Wednesday.

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