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We are witnessing the “free fall” of US economy. The GDP decreased at an annual rate of 32.9% in the second quarter of 2020, according to the advance estimate released by the Bureau of Economic Analysis on Thursday.
While most of the major categories of GDP fell sharply, service consumption was down by a massive 43.5%. The export of services, including travel, transportation, finance, IP sales and others, plunged by the annualized rate of 56.7%.
On the other side of the Atlantic Ocean, EY forecasted a 15% of GDP contraction for UK in Q2. The Federal Statistical Office of Germany, the powerhouse of Europe, just announced a 11.7% decline in GDP in the April to June period, compared with the same quarter last year.
After the GDP news, we continue to look at some of the personnel changes in the intelligence, investigation and consultancy industry. The information is obtained through our sources as well as research of LinkedIn, Glassdoor, corporate and news websites etc.
- In May, we reported that managing director Susan Coppedge left the Atlanta office of Nardello & Co. According to her LinkedIn profile, she joined Krevolin & Horst as of-counsel.
- We reported in June that senior managing director Shashank Karnad left the Mumbai office of FTI Consulting…
