The “Immense” Recession?
April 20, 2020 at 12:15 PM EDT
By Roman Chuyan, CFA Economic numbers for March are the worst in decades. A 10% peak-to-trough GDP contraction is expected this year – 2.5 times the 2008 downturn and the deepest since 1946. In four weeks, 13.4% of the entire US labor force filed for unemployment. A 10% cumulative peak-to-trough...