Channelnomics Original

Report: Downturn Worse Than Anything on Record

April 2, 2020

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

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