The economy of the United States fell off a cliff in the second quarter of 2020 due to coronavirus induced lockdowns. The Second-quarter GDP tumbled by worst-ever 32.9%.
The decline in 2Q GDP showed the response to COVID-19, as ‘stay-at-home’ orders issued in March & April were moderately lifted in some areas of the country in May and June.
A drop in exports, inventories, business, and residential investment, along with state and local government spending, also impacted this historic fall in GDP.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.