It is pretty fair to say that the first quarter United States GDP number was going to be dismal. And now that presumption has become a reality, with the first quarter advanced estimate GDP tally, which was released today by the United States Department of Commerce, coming in at -4.8%, its lowest reading going back to the Great Recession period of 2008 and 2009 (and well off from the fourth quarter of 2019’s 2.1% GDP reading), as well as marking the first quarterly decline going back to 2014.
Source: logistics Mgmt