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Last updateFri, 03 Apr 2020 8pm

Manufacturing & The Economy

Second Quarter GDP Could Shrink as Much as 10%

In a note sent out to clients on Monday night, Ian Shepherdson, chief economist at Pantheon Macroeconomics, said, “We now guesstimate that second quarter GDP will drop at a 10% annualized rate, after a 2% fall in Q1.”

Others aren’t quite as pessimistic, but the outlook is still grim no matter who you ask. A recession appears to be inevitable at this point. 

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