Brace for the ‘deepest recession on record,’ says BofA analysts, as jobless claims surge to 6.6 million

[nightkalalu]

CBO sees the economy down 7% in second quarter and the jobless rate past 10%
 

• The Congressional Budget Office estimates that second-quarter GDP will show  decline of 7% while the unemployment rate rises past 10%.
• That comes on the heels of worsening economic data amid the coronavirus-induced shutdown.

https://www.cnbc.com/2020/04/02/cbo-sees-gdp-down-7percent-in-second-quarter-and-the-jobless-rate-past-10percent.html

[kevinUsa]

2 minutes ago, nightkalalu said:

CBO sees the economy down 7% in second quarter and the jobless rate past 10%
 

• The Congressional Budget Office estimates that second-quarter GDP will show  decline of 7% while the unemployment rate rises past 10%.
• That comes on the heels of worsening economic data amid the coronavirus-induced shutdown.

https://www.cnbc.com/2020/04/02/cbo-sees-gdp-down-7percent-in-second-quarter-and-the-jobless-rate-past-10percent.html

expected ee kada 

15-20mn 

bad case 20 -25

worse case: 30-35

very very worst case 50mn 1/3 of usa workforce 

[nightkalalu]

Mottam manufacturing China ki vadilesi consumer based economy aite ilage aitadi. They should realize their mistake try to get manufacturing back otherwise doomed in long run China will keep on doing this sort of stuff

[perugu_vada]

2 minutes ago, nightkalalu said:

Mottam manufacturing China ki vadilesi consumer based economy aite ilage aitadi. They should realize their mistake try to get manufacturing back otherwise doomed in long run China will keep on doing this sort of stuff

+1 

adukku thine situation aindi usa dhi ipudu , antha china lo pettatam valla

but in reality they are not gonna come back

[tacobell fan]

Just now, perugu_vada said:

+1 

adukku thine situation aindi usa dhi ipudu , antha china lo pettatam valla

but in reality they are not gonna come back

k

[tacobell fan]

14 minutes ago, Catabolite said:

No

Is there an alternate route?

[fasak_vachadu]

Idi antha political drama laga unnadi ikkada janalu vichala vidi ha tirugutunaru 

maa manager inkko 20 days lo settle ayitha di annadu and will bounce back triple the amount ani 

be +ve guys many changes are cmg

motham 3 times stimulus packager vasthadi 

thata will loose 

[tacobell fan]

14 minutes ago, fasak_vachadu said:

Idi antha political drama laga unnadi ikkada janalu vichala vidi ha tirugutunaru 

maa manager inkko 20 days lo settle ayitha di annadu and will bounce back triple the amount ani 

be +ve guys many changes are cmg

motham 3 times stimulus packager vasthadi 

thata will loose 

@fasak_vachadu

[fasak_vachadu]

1 minute ago, tacobell fan said:

@fasak_vachadu

@tacobell fan

[tacobell fan]

15 minutes ago, fasak_vachadu said:

@tacobell fan

[bhaigan]

1 hour ago, Kootami said:

3-4 months bump ostene vellu intha OA cheyatam nammable ga ledu .. ... i strongly believe underneath there is a bigger problem which they are hiding with this virus .

 

 

Medical System is big failure in US bhayya they are hiding those things

[bhaigan]

1 hour ago, JambaKrantu said:

100% avutundi..people can't be locked down for 6 months.. oka 2 to 3 months people will start coming out even if government restricts them

UK already 6 months lock down declare chesindi countries are sending chattered flights to bring back their nationals from UK