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Coronavirus Pummeled the Economy in Q1

Stores are opening but will consumers return? Join Cushman & Wakefield and rue21 for the Retail in Recovery webinar June 17 at 2 pm ET.

U.S. real gross domestic product (GDP) decreased at an annual rate of 4.8 percent in the first quarter ended March 31, a greater decline than some forecasts, according to the advance estimate released Wednesday by the Bureau of Economic Analysis (BEA). By comparison, real GDP, adjusted for inflation, increased 2.1 percent in the fourth quarter…

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