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I was listen to marketplace yesterday, and they had an IMF representative on who said this prediction involved a lot more uncertainty then usual, and would most
by frankbreetz 7y ago
I was listen to marketplace yesterday, and they had an IMF representative on who said this prediction involved a lot more uncertainty then usual, and would most likely be revised down.
You got to consider the unemployment rate, which is around 13% which is historically huge, but not that much outside the 6% swing in growth predictions by the IMF. Especially when you consider that must of the lost jobs where service industry type jobs which are generally lower paying. Also this loss is being spread across the whole year, if you only look at the second quarter things are looking much worse.
If you take all these things into account these numbers are too far fetched.