Is the US Economy Due for a 14% Contraction in 2020?
April 28, 2020 at 06:45 AM EDT
The coronavirus pandemic just gave China its first quarterly gross domestic product (GDP) contraction since the data was tracked in 1992 and this could be a global trend hitting all nations. China’s contraction was about 7%, but some market observers are expecting the U.S. economy to contract by double that amount.