US economy shrank 4.8% last quarter, with worst yet to come

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US economy shrank 4.8% last quarter, with worst yet to come

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country.

News 12 Staff

•

Apr 29, 2020, 11:00 AM

•

Updated

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71°

Local

Crime

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Politics

US economy shrank 4.8% last quarter, with worst yet to come

The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country.

Top Stories

Federal appeals court upholds dismissal of Hastings police sergeant's discrimination lawsuit

Drier, cooler and breezy today in the Hudson Valley

Dutchess County approves controversial $13M Poughkeepsie homeless shelter

Traffic to crawl through Manhattan as UN General Assembly brings year's worst gridlock

Dragon Coaster damaged in apparent electrical fire at Rye Playland

Made in the Hudson Valley: Yonkers Brewing Company shares classic brews with community for more than a decade

NYU Langone to end pediatric gender-affirming care following DOJ investigation

The Cost Of: Fall Sports

Booking holiday travel? Why you and your family may see different flight prices

Firefighters knock down flames outside Port Chester restaurant; no injuries reported

Child safety experts warn more kids are leaving booster seats too early

Volunteer firefighters, EMTs urge governor to sign bill boosting tax credit

Ernie Accorsi, Hall of Fame NFL executive and former Giants GM, dies at 84

Sanitation truck overturns on Route 117 in Pleasantville; driver injured

Annual Yonkers Riverfest draws in thousands

Girls in Aviation Day takes off in Westchester County

Poughkeepsie man, woman allegedly busted with fentanyl, crack after stealing merchandise from Home Depot

Hundreds of grams of cocaine found in Middletown drug bust

Former Hudson Valley beauty queen shares story of resilience in new book

CAUGHT ON CAMERA: Pedestrian struck by car in Orange County