The U.S. Economy Likely Won’t Make Up Lost Ground Until Well Into 2021
4/2/20
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from Barron’s,
4/1/20:
Federal Reserve Temporarily Eases Capital Requirement for Big Banks
Two weeks after this column offered the prediction of a record contraction in the U.S. economy during the second quarter, major Wall Street institutions seemingly have been playing a game of “Can you top this?” with their forecasts for gross domestic product in the coming three months.
Goldman Sachs takes the current prize with its estimate that U.S. GDP will plunge at a 34% seasonally adjusted annual rate in the current quarter, edging out Deutsche Bank’s forecast of a 33% annualized slide in the second quarter. Numbers…
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