The post-Crown employment crisis could last for years, economists say

Economists expect the US to suffer rise to a post-Depression record its largest ever decline in this quarter and the unemployment rate, followed by a recovery that moderate and withdrawn. The gross domestic product will suffer an annualized 25% from April to June for a minor setback in the first quarter and the unemployment rate hit 12.6%, the highest since 1940, according to the median forecast of a monthly survey 69 economists by Bloomberg. This is daunting given a huge tax relief the government and to strengthen the Federal Reserve measures to support the financial system, as health experts are pushing social distancing, to combat the spread of the disease. The recession is likely to be considered the first recession since the US economic arbitrator 2007-2009 National Bureau of Economic Research. The second half of the year will be a resumption of growth, according to the site survey, even though economists say the bridge against a snap-back is stacked. The Fed is expected that interest rates near zero until the first half of 2022. “Even if the economy begins to hold re-open in mid-May, more than 20 million Americans will work with the economy likely shrank by about lost 13% peak-to-valley, more than three times lower than that of the global financial crisis, “James Knightley, chief international economist at ING financial markets, wrote with her submission prognosis. “It will be a gradual re-opening of the economy, so a return zu, usual’weg business as many months. Throw crippling financial losses and a legacy of failure and means that we have the US economic output is confirmed,” estimate until the end of 2019 peak until mid-2022 at the earliest, Knightley said. What’s more, years creating robust employment, the unemployment rate will be pushed down to a low of 3.5% half a century will be a distant memory prove. The unemployment rate should gradually decrease after the peak in the second quarter, but it will also fall in the last three months of 2020 in 2022 to 8.1%, the unemployment rate averaged 5.4% of them expected. The Bloomberg survey was conducted April 3 to Thursday, when a report showed a further 6.6 million Americans applied for unemployment benefits, suggesting the unemployment rate is already approaching 15%. A separate survey by the National Association for Business Economics released on Friday similar projections for the first half of GDP and the average unemployment rate showed the full year. The panel of 45 forecasters – that overlaps with the Bloomberg panel – also expects 10-year Treasury notes 0.9% at the end of 2020 to achieve, slowly at first until December to 1.5% increase in the ‘next year. E ‘of 0.72% on Thursday. is the Bloomberg survey showed the US economy to shrink by 3.3% this year, more than twice the contraction of 1.5% for the whole world. The US growth is also behind the 2021 and 2022
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