US GDP could sink over 40%: Atlanta Fed | Fox Business
Investors were dealt another hand of grim data this week, and it’s unlikely that will stop anytime soon as a U.S. economy bruised by the coronavirus reopens in fits and starts.
The economy is essentially still in freefall because of the shutdown, there is no question about that and the pandemic contraction in 2Q is going to be very difficult, top White House Economic Advisor Larry Kudlow told FOX Business.