Goldman Sachs now says US GDP will shrink 24% next quarter amid the coronavirus pandemic — which would be 2.5 times bigger than any decline in history

Business Insider

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· *Goldman Sachs on Friday dramatically cut its US economic forecast, saying it now expects GDP to decline by 24% in the second quarter of 2020 because of the coronavirus pandemic.*
· *A drop of that size would set a record — it would be nearly 2 1/2 times the 10% drop seen in 1958.*
· *"Early data points over the last...

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