IMF says deeper-than-expected contraction in U.S. economy likely in second quarter

A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday.

Source: https://www.reuters.com/article/us-imf-economy/imf-says-deeper-than-expected-contraction-in-u-s-economy-likely-in-second-quarter-idUSKBN23P2KN?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29
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Author: Reuters