Goldman Sachs now says US GDP will shrink 24% next quarter amid coronavirus — which would be 2.5 times bigger than any decline in history

10:17am PDT - March 20th, 2020    stimulus package 2020 - Business Insider

Goldman Sachs on Friday dramatically cut its US economic forecast and is now expecting GDP will decline by 24% in the second quarter of 2020 due to the coronavirus pandemic. A drop of that size would set a new record — it would be nearly two-and-a-half times …