Traders work on the floor of the New York Stock Exchange during the opening bell on March 10, 2020 in New York.Goldman Sachs on Sunday downgraded its outlook for the economy in the first two quarters of 2020 as the coronavirus zaps all growth from the U.S.
"We expect US economic activity to contract sharply in the remainder of March and throughout April as virus fears lead consumers and businesses to continue to cut back on spending such as travel, entertainment, and restaurant meals," Hatzius said in a note to clients Sunday. "Even with monetary and fiscal policy turning sharply further toward stimulus … these shutdowns and rising public anxiety about the virus are likely to lead to a sharp deterioration in economic activity in the rest of March and throughout April," Hatzius said.
Tell Goldman Sachs to stfu. Lol😂😂😂😂😂
Really Goldman , thanks for the update I haven’t noticed any slowdown in the economy
Treading water would be a tremendous result for this economy
CelticHumorist Boo fukinzee hoo
TheWarMonitor Generous
But, goldigger sucks said there was going to be NO recession...
Duh! I could have told you that
Dow futures down 1200 points right now
Global Warming isn't real either, according to alot of rich.
So much for the rate cut
PeterGhostine Wow, GS going out on a limb!
It will be negative for sure. Look at the Chinese.
How reassuring.
Great
Oh that's so sad, are they ok?
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