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The United States economy is entering a recession

Monday, March 23, 2020
The United States economy is entering a recession

The United States economy is entering a recession, writes Michelle Meyer, chief US Economist at BofA Merrill Lynch “We officially declare that the economy has entered a recession…joining the rest of the world. It’s a deep leap down,” she writes. Meyer predicts the US economy will shrink by 12% in the second quarter, and the US GDP will decline by 0.8% this year.

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Ukraine’s economy will shrink this year by 5% “in an optimistic scenario,” Yulia Kovaliv, deputy head of President’s Zelenskiy’s office,

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