Northern Exposure: US GDP 5% Annualised Fall in Q1 Evidence of Shock to Come

<p>FOMC continue to highlight concern over outlook. Q2 shock to be a multiple of Q1 decline. The S&P 500 initially fell almost 35% in response to COVID-19’s spread across the world and to the US. However, the index has since rallied strongly off the late-March low, gaining over 30% to be just 13% below its […]</p>
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