Channelnomics Original

Report: Downturn Worse Than Anything on Record

April 2, 2020

Bank of America economic forecast has U.S. GDP declining 10.4% in 2020 and recovery not starting until Q4

The latest economic outlook from Bank of America amid the COVID-19 pandemic is grim. The U.S. economy will contract five times more than it did for any other recession since World War II and the recovery won’t start in earnest until late in the third quarter or in the fourth.