The talk surrounding the coronavirus and how to fight it shifted even more dramatically this week. The Federal Reserve jumped in with more emergency measures, President Trump started talking about bailouts and economists made ever-direr predictions about economic growth, all while infection numbers increased rapidly. Some state governors are telling peopleto stay home.
J.P. Morgan has predicted a 14% decline in U.S. GDP for the second quarter — that would exceed the 13% decline in 1932, during the Great Depression. Goldman Sachs says new claims for unemployment benefits could reach a stunning 2.25 million.