The Coronavirus and the Coming Week of Bad News for the U.S. Economy


by Admin



The week ahead is likely to offer up the clearest indication yet that the ongoing coronavirus pandemic has crippled the U.S. economy, as analysts brace themselves for some of the worst economic reports in decades.

March trade data to be published on Tuesday is likely to show international commerce slowed by tens of billions of dollars last month. Gross domestic product figures on Wednesday will show the U.S. economy contracted during the first three months of the year, as the country plunged into the first leg of its coronavirus-fueled recession. Hours after that release, Federal Reserve Chairman Jerome Powell will host a press conference and possibly unveil new monetary policy measures to help keep the economy afloat. Read more



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