Country Economic Forecasts - United States
The Global Coronavirus Recession (GCR) not only marks the end of the longest US economic expansion on record, but it will also lead to the sharpest contraction in activity since WWII. We now expect real GDP will contract around 4% in 2020, assuming a 12-week lockdown starting in late March, followed by a very gradual relaxation of social distancing measures thereafter.
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