UBS now sees a deep US recession by July due to the coronavirus pandemic - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.UBS now sees a "massive contraction" and deep recession occurring in the US economy caused by the coronavirus pandemic.

Still, UBS thinks the US economy will rebound starting in the third quarter and accelerate as consumer spending and business activity are aided by government stimulus. UBS sees a "massive contraction" occurring in the US economy in the second quarter of 2020 and a deep recession in the first half of the year due to the coronavirus pandemic.

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