Pandemic pummels U.S. economy
-------------------------------------
The U.S. economy shrank at a record 32.9% annual pace in the second quarter. GDP has never shrunk by more than 10% in any quarter since the so-called Eisenhower Recession of 1958
-------------------------------------
Percent change from preceding period (quarterly, annual rate)

5.4%
5.5%
2.4% 

10 5 0 -5 -10 -15 -20 -25 -30 -35

05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20

                                                                                
Q4 2008: -8.4
Q1 2020: -5.0%
Q2 2020: -32.9%

Great Recession: Economic downturn from 2007 to 2009 after bursting of U.S. housing bubble – most severe global recession since Great Depression of 1930s

-------------------------------------                
Sources: U.S. Bureau of Economic Analysis, FRED Picture: Associated Press © GRAPHIC NEWS