US businesses will suffer a $4 trillion decline due to coronavirus, hedge fund predictsFamed hedge fund Bridgewater predicts the coronavirus will lead to $4 trillion in lost corporate revenue for both public and private businesses in the U.S., according to a“That is a very dangerous decline, and if not mitigated, it will lead to a long-lasting ripple,” said the Bridgewater team who authored the research report.
In Bridgewater’s model, companies will have a shortfall of $2 trillion “concentrated in energy and travel and leisure, and about equally divided between large and small companies.”The firm also estimates a decline of $12 trillion for global businesses in 2020. “Since this hit to revenues is happening throughout the world, the total hole globally will be roughly three times that—about $12 trillion. Governments are responding, of course, but in most cases these responses will just mitigate some of the ripple. Governments’ capacities to deal with this hit vary greatly and will be a major driver of markets going forward.”
“Many companies will try to fill this gap by drawing credit lines, increasing their debt positions,” said the investors. If government policies don’t help fill the gap, companies are likely to dramatically cut spending, which would result in meaningful cuts in employment.share with Facebook
Because he is a terrible leader. I hope he lost any gains he had made through insider trading
Y’all doing the happy dance yet?! We will recover and POTUS will be re-elected
Notice how all the gains were baracks gains, but the losses are trumps now?
Good news never stop.even in crisis?
Markets will be fine. Trump just needs to keep up the great work n take care of the virus. Things will be ok 👍🏻
You will NEVER be blamed for this. This started in Kirkland, WA where I live. DemocratsTheEnemyWithin run this city county and State. They have managed to destroy AMERICA and they will NOT shut this state down. All this could have been avoided if they acted. maddow
Of course the Hateful Left celebrates.
Congratulations corrupt media, you got what you wanted didn't you. Disgraceful
Pence talked about marks being donated by many companies around the country... has anybody seen these donations? are there any pictures?
I didn't want to believe this feeling I have had from our ENTIRE MSM.. but after today I am starting to think this is what CNN, Fox, MSNBC are all doing right now! The hate for small time Americans is real and day by day it shows!
Lol. How is this on the president?
Last week was the worst too. Trump sure is winning
Hope you’re going to track the number of suicides and domestic violence acts that will occur during this horrible time.
Obama's fault clearly.
WhereIsJoeBiden whereisjoe DementiaJoe Joe is taking the time to go back to school (on line) and get his 4th degree. He also has to prepare for his Senate debates.... He also might still be locked up in South Africa trying to talk to Mandela.... LyingDogFacedPonySoldier
Maga!!
These are the numbers guys. You’re under
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