Spotlight: U.S. economy sees sharpest contraction in decades as COVID-19 recession deepens

Notices of COVID-19 prevention measures are seen on the windows of a building at SoHo in New York, the United States, on July 30, 2020. The U.S. economy saw the sharpest contraction in decades between April and June as the country grappled with the fallout of COVID-19 lockdowns, indicating the depth and severity of the pandemic-induced recession. The U.S. economy contracted at an annual rate of 32.9 percent in the second quarter, the U.S. Commerce Department reported Thursday. It was the deepest decline since the government began keeping records in 1947. (Xinhua/Wang Ying)