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

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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…

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