#us gap drop

US GDP drops 4.8% as COVID-19 numbers rack up

The Gross Domestic Product of the world’s biggest economy slid 4.8% in the first quarter of this year, the biggest single drop since the Great Depression.  This ended the US biggest expansion in years and it may get worse as the numbers of COVID-19 infected persons rack up in the next few weeks.

And the Federal Reserve chief warns that the second quarter figures could even be uglier, with…