U.S. economy grew by 2.1% in Q4, as country braces for recession
Many economists are forecasting a record GDP decline for the second quarter of this year
- March 26, 2020 March 26, 2020
- 11:01
Many economists are forecasting a record GDP decline for the second quarter of this year
The U.S. economy grew by 2.1% in Q4, but growth in the current quarter will likely be depressed by the coronavirus
Analysts say the Fed could keep rates unchanged this year, but some think it will cut rates at least once
Recent growth has been well below the 3.1% surge seen in Q1
Even emerging economies could struggle, with one-third of regions slowing
Minutes reveal "most" officials think the three recent rate cuts are enough for now
September's stagnant reading followed a modest 0.1% August increase
New IMF head calls on countries to co-operate amid global slowdown
Consumer spending and business investment rose at slower rates than expected
Two officials preferred to keep rates unchanged and one argued for a bigger cut