The United States announced the beginning of a massive economic crisis


Full blown economic the crisis, the beginning of which Donald Trump tried to delay until the end of the presidential election, nevertheless came to the United States.


As follows from the report of the leading analyst of Bank of America Michelle Meyer, the US has begun a full-blown economic crisis, the main cause of which is coronavirus.

CNBC Channel quotes a financial institution specialist:

We officially declare that the American economy fell into recession, joining the rest of the world, and this is a very deep drawdown.

According to Meyer’s forecast, in the second quarter of 2020, the US economy will collapse quarter by quarter by 12 percent of GDP, and by the end of the year, it will decline by 0,8 percent. However, she suggests that unemployment in the United States by the end of the second quarter could reach 3,5 million people.

At the same time, the leading analyst believes that, despite the unprecedented power of the crisis, it will be short-term, and in order to get out of it faster, the state needs to be generous with economic incentives.

In favor of Meyer's words about the onset of a full-blown crisis, the fact that for the first time since the 1970s Texas oil companies turned to the local regulator with a request to reduce production, as they were in a difficult position due to a sharp drop in black gold prices world market.
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  1. Regis Offline
    Regis (Sergey Kopan) 20 March 2020 08: 57
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    Taki had, and the coronavirus did not help.
  2. Blast Offline
    Blast (Vladimir) 20 March 2020 09: 15
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    Why, coronavirus just by the way, has something to refer to ... and, as it turned out, it is beneficial to everyone.
  3. Sergey Latyshev Offline
    Sergey Latyshev (Serge) 20 March 2020 09: 54
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    So they already announced about 5 years ....

    And then the Indian "Vigilant eye" saw .....
  4. GRF Offline
    GRF 20 March 2020 10: 19
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    A leading special analyst from another private financial institution will refute him, but since one of the analysts will be right, everyone is simply obliged to listen to the opinion of these sensible guys (especially from the IMF) ...
    And Columbus:

    ... the beginning of which Donald Trump tried to delay until the end of the presidential election ...

    (although he couldn’t) blame for nothing ...
  5. boriz Offline
    boriz (boriz) 20 March 2020 11: 17
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    Really, in order to understand what is happening, you need a herd of highly paid analysts?
    After all, enough basic skills on the Internet and basic knowledge of arithmetic to see that something out of the ordinary happens.

    https://cont.ws/@boriz56/1614781

    More Khazin M.L. predicted that the last crisis of capitalism was coming and the consequences for the United States would be worse than in 1929-32. They simply did not want to admit that, within the framework of their economic theories, this crisis was impossible to describe, predict and understand what to do next.
  6. shadow Offline
    shadow 20 March 2020 14: 52
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    With this crisis, are they also going to impose sanctions?)))) Well, well.
    1. Pivander Offline
      Pivander (Alex) 20 March 2020 17: 38
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      Crisis is crisis, and sanctions are on schedule.
  7. gorenina91 Offline
    gorenina91 (Irina) 20 March 2020 17: 50
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    The United States announced the beginning of a massive economic crisis

    - Oh well ...- what a crisis it is ... - The Dow Jones Index, or something, sagged a lot ... - So tomorrow it will begin to win back the positions ... -Or:

    In favor of Meyer's words about the onset of a full-blown crisis, the fact that for the first time since the 1970s Texas oil companies turned to the local regulator with a request to reduce production, as they were in a difficult position due to a sharp drop in black gold prices world market.

    - I also have an “argument” ... - Yes, even if a large-scale fire starts on shale oil mines and on oil rigs in the Gulf of Mexico (which has already happened more than once) .. then that ... - there’s no "large-scale economic crisis "the Americans will not get ... - Well, just insurance campaigns will go about their business ... -and all things ...
    - And the fact that supposedly "unemployment in the United States by the end of the second quarter can reach 3,5 million people" ... - this is generally nonsense (in the United States, millions of blacks are hanging around idle) ... - Trump then on the “white horse” "will again create pre-election jobs and" the deal is in the hat "...
    - But China may not save ... - none of its supposedly "domestic Chinese market" ... - everything is much more serious here ... - Here everything can collapse ...
    - And for Russia, everything would not be so scary; but Russia will climb to save China ... - it will pick up empty Chinese assets, will start over the limit and unscheduledly deliver food to China and ... and again it will terribly burn out ... - and may leave it without pensions for its Russian pensioners ... - Here such a reality ...
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