Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent
Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent
29 February 2020
For the United States, estimates are falling to as low as 1.7 percent growth this year, down from 2.3 percent in 2019.
Gus Faucher, an economist at PNC Financial, says if we start to see more cases in the United States, if we start to see people not travelling domestically, if we start to see people stay home from work and from stores, then the hit is going to get substantially worse
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