The coronavirus pandemic is plunging the United States into a recession that could be as sharp as the 2008 financial crash, although the economy will likely rebound before President Donald Trump faces re-election in November, according to economists polled by Newsweek.
In a poll conducted on Monday, all 15 economists said they expected the economy to shrink sharply in the second quarter, ending the longest expansion in American history.
Five analysts forecast contraction in the first quarter as well, after the Trump administration and state and local governments imposed restrictions on travel and large gatherings, shutting down swaths of the economy to stop the spread of the deadly virus.
Full article at: Newsweek
