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Retail Recovery Veils Serious Headwinds

PYMNTS

“The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2020 is -34.5 Bureau of Labor Statistics, the U.S. Department of the Treasury’s Bureau of the Fiscal Service, the Federal Reserve Board of Governors, and the U.S. percent on July 16, up from -35.5