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Politics : Formerly About Advanced Micro Devices
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To: Sdgla who wrote (1216533)4/3/2020 11:38:50 PM
From: puborectalis  Read Replies (2) of 1578537
 
A new CBO report said the economy would shrink by 7% in GDP and that unemployment would surge to 10% in the second quarter, a level unseen since the Great Recession.Lingering effects of the crisis could stretch into the end of 2021, as unemployment could still be as high as 9%.The analysis is at odds with President Trump's optimistic assessment of the economic crisis, as the CBO is not expecting a quick rebound this year and instead projecting the pain will stretch on for a long time."I don't think it's going to end up being such a rough patch," Trump said at a White House press conference last week.
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