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Congressional estimators see major U.S. economic decline in mid-2020 as coronavirus stifles activity

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Apr 24 '20 | By oiam2companyadmin | Views: 53 | Comments: 0

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The U.S. economy faces a bleak immediate future with gross domestic product likely contracting 12% in the second quarter and the federal deficit growing to $3.7 trillion, while the unemployment rate will probably crest at 16% in the third quarter, according to projections released by the Congressional Budget Office on Friday.