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US retail sales shrink for second straight month in April

The world's biggest economy is on its way to the biggest slump since the Great Depression of the 1930s

Above: Shoppers wearing masks in Los Angeles. Businesses across the US are re-opening, but establishments are operating below capacity as there are fears that a second wave of infections could keep shoppers away from the malls.


US retail sales endured a second straight month of record declines in April, as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.

The Commerce Department said...

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