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    3 Months Of Hell: U.S. Economy's Worst Quarter Ever

    The coronavirus triggered the sharpest economic contraction in modern history. The Commerce Department documents that damage on Thursday, when it releases its first estimate of second-quarter GDP.
    by Scott Horsley Jul 30, 2020 3 minutes
    Cameron Mitchell operates more than 50 restaurants in 13 states. He says business was rebounding in June but has dropped again with the surge in new coronavirus infections.

    The devastating economic cost of the coronavirus pandemic will be crystallized in a single number Thursday. The GDP report from the Commerce Department is expected to show the sharpest contraction in modern American history in the three months between April and June.

    "It's going to be horrific," said Nariman Behravesh, chief economist at IHS Markit. "We've never seen anything quite like it."

    The report is expected to show that the economy shrank at an annual rate of about 35% during the quarter

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