The recession is deep but likely short-lived

GNP dropped for the second consecutive quarter. But there were signs of growth in both May and June. But in July…..?

The Bureau of Economic Analysis announced that GDP in the second quarter of 2020 decreased by a whopping 32.9%. Since GDP declined by 5% in the first quarter, we had officially entered a recession. The current US recession is very deep. But it will likely turn out to be…