The US economy will shrink nearly 40% in Q2, Deutsche Bank says - Business Insider

in a wave of coronavirus-induced layoffs. This is likely to continue, according to the report, and pull down second quarter GDP even further. An investor who oversees $300 billion at T.

Beyond 2020, the bank expects the economy to continue to gain steam as activity begins to normalize. The firm projects US GDP growth of 4.2% in 2021, and 2.7% in 2022. "We see the economy returning to a more trend-like pace of 2.2% growth in 2023 as real GDP finally recovers its Q4 2019 level in the back half of that year," Luzzetti wrote.

Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.

Well that's not good.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Ask us anything about spending, saving, and investing your money during the coronavirus - Business InsiderWe want to help you make smart decisions with your money. Part of that is a commitment to addressing your most pressing questions about saving, investing, earning, and spending money
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »