![The reopened Liberty Island with the Statue of Liberty is pictured in front of the skyline of Lower Manhattan on July 20, 2020 in New York City. Just a few tourists visited the reopened monument as New York City moves into Phase 4 of the Coronavirus lockdown. / AFP / Johannes EISELE](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/4AHFTMS3KCAY5ZOBOTIKLTKA3I.jpg?smart=true&auth=fb2f9f409208af09d2eabdf6748912e0f6b9df58c82231f46461ba0f96624665&width=400&height=225)
The decline in second quarter GDP in the US was largely due to coronavirus containment measures. AFP
The decline in second quarter GDP in the US was largely due to coronavirus containment measures. AFP
US economy contracted 32.9% in second quarter as jobless claims rise
Personal spending, which makes up about two-thirds of GDP, slumped an annualised 34.6%, official figures show