April 29 (UPI) -- After a full decade of steady and record growth, the U.S. economy abruptly shrank by almost 5 percent during the first three months of 2020 -- due almost entirely to the coronavirus crisis, the Commerce Department said in its quarterly report Wednesday.
The department said the U.S. gross domestic product contracted by 4.8 percent for the first quarter, the first contraction since 2014 and the largest since the Great Recession.