U.S. economy contracts 4.8 pct in Q1 amid COVID-19 impact

Photo taken on March 27, 2020 shows the U.S. Treasury Department in Washington D.C., the United States. U.S. economic activity in the first quarter contracted at an annual rate of 4.8 percent amid the COVID-19 impact, the biggest decline since the Great Recession, the U.S. Commerce Department reported Wednesday. (Xinhua/Liu Jie)