GDP Slid 4.8% in Q1 2020

Washington, DC, April 29, 2020-Real gross domestic product (GDP) decreased at an annual rate of 4.8% in Q1 2020, according to the advance estimate released by the Bureau of Economic Analysis. 

In Q4 2019, real GDP increased 2.1%.

The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency. The second estimate for the first quarter, based on more complete data, will be released on May 28, 2020.