Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user
You will be redirected back to your article in seconds

Virus Could Drag US GDP to -13%, Spike Jobless Rate to 9%: IHS

Thank you for joining Sourcing Journal & industry leaders at our SOURCING SUMMIT NY, as we discussed the most pressing issues of the day. View the Summit on-demand Oct. 22- Jan. 2, and stay tuned for the upcoming Companion Report.

As the coronavirus cuts through the U.S. economy, IHS Markit warned on Friday that second-quarter gross domestic product (GDP) will plunge to negative 13 percent. Joel Prakken, chief U.S. Economist at IHS Markit, forecast GDP to contract 1.7 percent in 2020 year over year, while unemployment approaches 9 percent by December and inflation slips to…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands