A speedbump on the economic road to recovery | Visa


A speedbump on the economic road to recovery

The U.S. economy decelerated in July with a surge in COVID-19 cases across wide swaths of the country.

Line graph illustrating goods services spending in August 2020.  See image description for more details.
Spending on goods bounced back to 4.13 percent in June, after declining 13.51 percent year-over-year (seasonally adjusted) in April and 1.84 percent year-over-year in May, compared to spending on services, which dropped 8.9 percent year-over-year in June, 13 percent in May, and 17.56 percent in April.