SassyIrishLass
Diamond Member
- Mar 31, 2009
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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.
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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