US economy shrinks at fastest rate since 2008

Available for over a year

GDP fell by 1.2% in the first quarter of 2020, the first contraction since 2014. That's according to data released by the US Bureau of Economic Analysis. We ask Jared Bernstein, former economic adviser to the Obama administration, how much worse the US economy is likely to get in the coming months. Facebook has published its latest quarterly earnings. Its monthly user base has hit three billion, but the company is concerned about falling advertising revenue as businesses are forced to cut back spending due to the coronavirus pandemic. We speak to Laurence Dodds, tech reporter for the Daily Telegraph in San Francisco. And we hear how one Swedish retail company is transforming the way we shop for groceries. Its stores have no staff, no trolleys and no tills. Bea Garcia, one of Lifv's co-founders, explains. Rob Young is joined throughout the programme by Enda Curran, chief Asia economics correspondent for Bloomberg News in Hong Kong, and by Melissa Chan, a freelance journalist in Los Angeles in the US. (Picture: A man outside the US Department of Labor. Picture credit: Getty Images)