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

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Home Blogs > Business
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.
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Source: https://www.reuters.com/article/us-health-coronavirus-usa-economy/congressional-estimators-see-major-u-s-economic-decline-in-mid-2020-as-coronavirus-stifles-activity-idUSKCN22633M?feedType=RSS&feedName=businessNews

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