- Mar 31, 2009
- 94,387
- 70,833
- 3,605
This is not good.
The fed is expecting the economy to contract by 6.5% by the end of the year but says they expect it to rebound by 5% in 2021. Which would bring the negative growth down to 1.5%.
They also expect the unemployment rate to get better by the end of the year down to 9.7%. They expect the unemployment numbers to stay high though getting lower down to maybe 5.5% in 2022.
We will see what happens. We sure aren't going to have that V recovery trump lied about.
Today the stock market lost close to 2 thousand points.
Welcome back to a republican economy.
I think trump did it in record time too. LOL. Took him just 3 years to destroy the hard work we did to recover from the bush boy crashing our economy.
The Fed expects years of high unemployment as the US economy recovers from the coronavirus pandemic
"We have to be honest that it's a long road," said Federal Reserve Chair Jerome Powell in a news conference.markets.businessinsider.com
How is covid a "republican" problem?
Perhaps you didn't notice the economy was a freight train before it.
You're really a sad lil puppy