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Tag Archives: Depression 2020

Goldman Sees Advanced Economies Shrinking 35% Amid Pandemic

Goldman Sachs Logo on exterior of glass building

BLOOMBERG, APRIL 14, 2020 By Jason Clenfield for Bloomberg – Advanced economies will shrink about 35% this quarter from the prior three months, four times as much as the previous record set in 2008 during the financial crisis, according to annualized figures from Goldman Sachs Group Inc. How fast economies will rebound is an open question because nobody knows how quickly people …

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