Yikes!

“The bank is forecasting a 24% decline in economic activity next quarter, compared to their previous forecast for a 5% decline. That’s because U.S. economic data (specifically manufacturing data) have already started to miss economist estimates, even before Americans started to stay home to avoid spreading the coronavirus.”

U.S. economic data have already started to miss economist estimates, even before Americans started to stay home to avoid spreading the coronavirus.

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