The financial markets are experiencing exceptional volatility and dislocation, and this will continue as the scope of the economic slowdown becomes more defined over the next quarter and policy is implemented in reaction to the uncertainty of the times, states Lara Rhame, chief U.S. economist at FS Investments in her second quarter 2020 economic outlook.
The recession is starting off with a unique abruptness, including a steep decline in energy prices, a spike in unemployment and big hit to global growth.
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