(ANSA) - NEW YORK, MARCH 31 - Goldman Sachs expects the economy to fall by 34% in the second quarter, therefore worse than the initially estimated 24%. The unemployment rate is expected to jump to 15% by the middle of the year, well over 9% of previous estimates. The crash will be followed by a sustained sustained recovery, with GDP growing by 19% in the third quarter.
Goldman Sachs, US GDP -34% II quarter
2020-03-31T13:18:32.045Z
Goldman Sachs expects the economy to shrink by 34% in the second quarter, therefore worse than the initially estimated 24%. The unemployment rate is expected to jump to 15% by mid-year, well over 9% of previous estimates. (HANDLE)
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