US annualized gross domestic product to decline by 10-40% in 2nd quarter, SocGen says

US annualized gross domestic product to decline by 10-40% in 2nd quarter, SocGen says

Business Insider

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· Current impact on the US economy will set off the "deepest quarterly pullback," Societe Generale said on Monday.
· SocGen expects declines of 10-40% in annualized gross domestic product in the second quarter.
· The shutdown will last through the end of April, SocGen said, adding that there will be a rebound but "the shape...

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