Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

US Economic Shocker: New Forecast Sees 37% GDP Decline, Consumer Spending Down 43%

LESS THAN ONE WEEK AWAY! Join Sourcing Journal & industry leaders at our SOURCING SUMMIT NY on October 19 to discuss the most pressing issues of the day. Your business cannot afford to miss this!

A stunning 37 percent annualized decline in gross domestic product (GDP) is expected in the second quarter, IHS Markit economists said in a new forecast for the U.S. Joel Prakken and Chris Varvares, co-heads of U.S. economics for IHS Markit, said an upturn should begin in the third quarter, but warned that it will likely…

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