Great Depression news and trends

Goldman: US Unemployment Rate Could Hit 25 Pct

May 14, 2020
Goldman Sachs predicts 25 percent unemployment
Economist Mark Zandi: A Second Round Of Virus Would Bring A Depression
Economy // May 11, 2020

A Moody’s Analytics economist warns the nation will hit bottom, even worse than we’ve seen, if the coronavirus spikes a second time. In an interview with CNBC, Mark Zandi said if businesses open too soon and the infection rate rises, it will cause more business...

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Goldman: US Unemployment Rate Could Hit 25 Pct

May 14, 2020
Goldman Sachs’ forecast for the nation’s unemployment rate rose by 10 percent, as the bank now predicts at least a 25 percent unemployment rate due to the coronavirus pandemic. The forecast was revised from the 15 percent prediction as of Wednesday (May 13). The bank’s note late Tuesday said the prediction was revised to reflect […]

Economist Mark Zandi: A Second Round Of Virus Would Bring A Depression

May 11, 2020
A Moody’s Analytics economist warns the nation will hit bottom, even worse than we’ve seen, if the coronavirus spikes a second time. In an interview with CNBC, Mark Zandi said...