- Dallas Fed president Kaplan sees U.S. GDP declining by 4.5% in 2020
Market news
14 August 2020
Dallas Fed president Kaplan sees U.S. GDP declining by 4.5% in 2020
- Sees unemployment rate falling to 8-9%
- Says expiration of unemployment benefits makes this time of great hardship and stress for lower-income workers who have lost jobs
- Now more than ever, we need to study the experience of other countries to learn what U.S. can do better
- Sees Q3 GDP growing at 20% annualized
- Sees Q4 GDP up 6-7% at annualized pace
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