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.
 

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