2020 may be the first year of falling global GDP since WWII. Wow … that’s an impressive historical statistics. And it was only the final years of WWII/aftermath where output fell. @capitaleconomics via @SoberLook pic.twitter.com/25gjD23BKc
— Adam Tooze (@adam_tooze) April 2, 2020
With this report, there should be little doubt that…
US is already in deep #recession, and the global #economy will be too#Unemployment indicators will worsen beyond the horrid levels seen post 2008 crisis, and
This may show up as early as early May in the monthly #jobs report https://t.co/hwAOMmTyGW— Mohamed A. El-Erian (@elerianm) April 2, 2020
WOW 😲 – jobless claims explode to 6.648 million! Highest in US history!
Record before: 1982: 695,000
Last week 3.283 million
This week 3,368 million
Next week …. millionjust week 2 #coronavirus…#COVID19 pic.twitter.com/x6PITVe6iN
— marc friedrich (@marcfriedrich7) April 2, 2020
WOW 😲 – jobless claims explode to 6.648 million! Highest in US history!
Record before: 1982: 695,000
Last week 3.283 million
This week 3,368 million
Next week …. millionjust week 2 #coronavirus…#COVID19 pic.twitter.com/x6PITVe6iN
— marc friedrich (@marcfriedrich7) April 2, 2020
This is how we turn an economic downturn into a protracted recession / slow recovery. We need to find the states so they don’t become the next wave of the recession. https://t.co/qsCApj25e9
— Jay C. Shambaugh (@JayCShambaugh) April 2, 2020
Not much is working in 2020. Via Goldman: pic.twitter.com/dr6TIbqHZe
— Tracy Alloway (@tracyalloway) April 2, 2020