Goldman Sachs slashes forecasts, now sees GDP shrinking 39% this quarter and unemployment at 25%

Business Insider

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· *Goldman Sachs now thinks second-quarter GDP will decline 39%, and increased its peak unemployment rate estimate to 25% from 15%, according to a note published Tuesday evening.*
· *Following the first quarter GDP and April unemployment data release, Goldman now estimates that consumer services spending fell 20% from...

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