Economic analysts expect the outlook for the U.S. economy to be more bleak

category:Finance
 Economic analysts expect the outlook for the U.S. economy to be more bleak


David Merrick, chief U.S. economist at Goldman Sachs, said some states need to suspend more consumer activity to control the spread of the virus, and that stagnation in the process of economic restart will cause longer-term damage to businesses and the job market.

Paul Ashworth, chief U.S. economist at BCI macro, said that even if the Federal Reserve maintains its ultra loose policy and Congress provides further financial support, the relevant epidemic prevention measures may still make the US GDP lower than the pre epidemic level, and the US unemployment rate may remain high in the next few years.

Daniel barkman, a senior U.S. economist at Deloitte Consulting, predicts that the U.S. economy will shrink by 9.8% in the fourth quarter.