Coronavirus will hit US economy harder than 2008 financial crisis: J.P. Morgan

[Sucker]

J.P. Morgan is calling for a sharper U.S. economic contraction in the second quarter, due to the COVID-19 pandemic, than the country experienced during the worst of the 2008 financial crisis.

The firm sees the U.S. economy shrinking by 5.3 percent from January through March and 14 percent during the following three months. By comparison, the U.S. economy contracted by 7.2 percent during the fourth quarter of 2008, its worst of the global financial crisis, according to the St. Louis Fed.

[sureshkonda]

Mentally prepare to go back. Masthu layoffs untai 2 months tharuvatha

[bhaigan]

inkoka 2 months lo recession start avuthundi

[bhaigan]

Just now, sureshkonda said:

Mentally prepare to go back. Masthu layoffs untai 2 months tharuvatha

Exactly

[nightkalalu]

https://twitter.com/NBCNews/status/1240729405623881728?s=20https://twitter.com/NBCNews/status/1240729405623881728?s=20

 

[phatposts]

23 minutes ago, bhaigan said:

inkoka 2 months lo recession start avuthundi

Recession might have already started. We dont know until we get hit in our sector. 

[Chinna84]

24 minutes ago, sureshkonda said:

Mentally prepare to go back. Masthu layoffs untai 2 months tharuvatha

entha manchivadivi ra ...

2 months kaadhu - 2 weeks anukunta