from King World News
With the Dow soaring 2.5%, look at the real economic devastation that is taking place.
Brother, can you spare a dime?
May 27 (King World News) – Gerald Celente: The U.S. economy will take at least through 2021 to recover from the current shutdown, the Congressional Budget Office (CBO) said.
Massive unemployment and a lack of investment capital will be the main drags on the recovery, it noted.
It projects GDP will be 11.2 percent less in the current quarter than in the first quarter of this year, but it has revised its growth forecast for the fourth quarter of 2021 from 2.8 percent to 4.6 percent, indicating a clear reversal of today’s economic contraction by then.