fbpx
No Result
View All Result
The Liberty Loft
  • Home
  • Podcasts
    • The Closet Conservative Podcast
    • A Conservative View from New Hampshire
    • Politically Insane
    • The Right of Center Podcast
  • About Us
    • About Us
    • Our Team
    • Contact
    • Advertising
    • Find Us Online
  • Submit
  • Work with us!
Newsletter
No Result
View All Result
The Liberty Loft
Sign Up

BREAKING NEWS: US Economy shrinks by 4.8% pace in first quarter

by The Liberty Loft Editorial Board
August 24, 2022
in Breaking News, Current Events
Breaking news, coronavirus economy, us economy, economy, us economy retracts, us economy contracts

Charlotte, N.C. – The US economy had its largest decline in 10 years in the first quarter of this year. The data released on Wednesday outpaced predictions that had set the expectation at 3.8%. As the USA Today notes, this probably only reflects a part of the contraction.

Moody’s Analytics expects that 30% of the US economy has been reduced due to the coronavirus lockdowns. The economic decline is expected to continue through the second quarter as the shut downs linger for some time.

Millions of Americans are unemployed due to the stay home orders. Amid the orders, many states are experiencing protests to reopen. Several states have announced plans to reopen in the coming weeks.

While states make a push to reopen, NBC News reports that many states have not met the 14 day drop in cases suggested as a measure to reopen. This report comes as the US crosses 1 million cases across the country.

President Trump has touted expanded testing as reasons for the higher case totals in the US. He shared how the US has developed more tests and has performed more tests than any other country. Their are also a lot of questions as to how accurate the numbers in reporting are from other countries, such as China.

Experts say that the cases may decrease for now, but that the US needs to be prepared for a next wave. Dr Anthony Fauci warned that the fall and winter could be challenging if the US is not prepared.

Please consider donating to support The Liberty Loft so we can continue to deliver great content.

Loading
Share with others!
Next Post
AOC, US economy, shut down, coronavirus

AOC says that the coronavirus could shut down US economy for years.

Devotionals from Another Well Ministries

Before the trouble ever arrived
Before the trouble ever arrived

Never once has God been caught off guard and without enough mercy to handle the things of life! [...]

Are you living out your purpose in life?
Are you living out your purpose in life?

When you accepted Jesus as Savior, an amazing work was started inside of you. [...]

Are you for God or against Him?
Are you for God or against Him?

Are you for God or against Him? It isn't too hard to tell. Just take a look at your life and the story it tells.  [...]

The Liberty Loft

© 2022 The Liberty Loft

Navigate Site

  • Home
  • Podcasts
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Podcasts
    • A Conservative View from New Hampshire
    • The Closet Conservative Podcast
    • Politically Insane
    • The Right of Center Podcast
  • About Us
    • Our Team
    • Contact
    • Advertising
    • Find Us Online
  • Newsletter
  • Submit
  • Work with us!

© 2022 The Liberty Loft