Catastrophic GDP Forecasts Resulting From Virus Shutdown

Bank GDP Forecasts

• Deutsche Bank: -2.2% (Q1), -33% (Q2)
• JP Morgan: -10% (Q1), -25% (Q2)
• Wells Fargo: 1.2% (Q1), -14.7% (Q2)
• TD: -3% (Q1), -25% (Q2)
• Morgan Stanley: -2.4% (Q1), -30.1% (Q2)
• Goldman Sachs: -9% (Q1), -34% (Q2)

Goldman also forecasts 15% unemployment mid year in the USA.