U.S. Economic Slowdown In Coming Months Expected To Be Worst On Record
Forecasters say the government's aggressive efforts to slow the spread of the virus will trigger the sharpest slowdown in the economy on record. Some see GDP shrinking a staggering 24%.
The U.S. economy has never hit the brakes quite like this before.
While the course of the coronavirus pandemic is unpredictable, forecasters are using their economic models and making some educated guesses about just how bad the damage will be. The forecasts are not pretty:
- Oxford Economics expects the U.S. economy to shrink at an annual rate of
