Main content
Sorry, this episode is not currently available

US economy suffers sharpest contraction in decades

Official data shows the US economy contracted by 9.5% between April and June.

Official data shows the US economy contracted by 9.5% between April and June. It's the worst performance since the country started keeping records in 1947, and the Βι¶ΉΤΌΕΔ's Samira Hussein in New York brings us the details. Meanwhile emergency financial support for the unemployed in the US is due to end this week, unless Congress comes up with a new package of measures. Professor Tara Sinclair of George Washington University explains whether a deal seems feasible. Also in the programme, as the world's biggest brewer AB InBev reports that sales fell by nearly a third in the month of April, we get more details from the firm's chief financial officer, Fernando Tennenbaum. Plus, in spite of the pandemic, the world's biggest food maker, Nestle, has said that sales of premium pet food continued to rise during lockdowns. We talk to Bernard Meunier, Nestle Purina PetCare chief executive for Europe, the Middle East and Africa.

Release date:

27 minutes

Podcast