Christophe Barraud, chief economist of the broker-dealer Market Securities, has been ranked Bloomberg's most accurate forecaster of US economic data eight years in a row.
The pandemic slammed the US economy, putting millions of Americans out of work and leading to a 5% slump in gross domestic product in the first quarter of 2020. And, it's going to get worse — economists estimate that US GDP will slump more than 30% in the second quarter, before returning to growth at the end of the year. "It will take a long time for life to return to normal," Barraud told Business Insider.
"Markets are not pricing in a lot of risk," said Barraud, adding that this may be due to dovish fiscal policy, or the potential for another round of stimulus in the short term as countries deal with the virus.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
RecoveryForQ
Krugman is crying, 'But...but...
Let's say you only follow technologies as your direction, are you saying innovations will slow down?
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
London stocks struggle while U.S. markets are closed for July 4 holidayLondon stocks fell on Friday, with the index set to underperform its European rivals for the week, as weak oil prices weighed on major energy names, and alongside concerns that next week’s summer statement from the U.K. Chancellor will lack big tax cuts. Probly wishing they still had a colony to exploit... Today would’ve been a great day to celebrate and open GREEN. Monday better be GREEN. I don’t want you guys reporting none of that bullshit bear shit😡 i think he enjoys rubbing things in your face or pouring salt in a wound , makes him feel powerful.
Source: MarketWatch - 🏆 3. / 97 Read more »
Handicapping the market from here — what history tells us about the odds the comeback continuesCan history help handicap where markets head from here after the extraordinary path stocks have taken so far this year? CNBC, youth football coaching legend here. I have a 28% chance of re-joining the league next season and other odds are even higher. I don’t care if it’s former greats like I am or not. Just do it. What does common sense tell us about the market? Back to near all time highs with an unemployment more than double what it was pre-Covid. That does not make sense.
Source: CNBC - 🏆 12. / 72 Read more »