Without another Covid relief package, the economy could see a "slight downturn" instead of a "mild positive growth" in the first quarter of next year, added Cochrane.
"And then we get beyond the first quarter, maybe the vaccine gets spread at least enough to begin creating some improved confidence in the economy and we continue moving on," he said.International Monetary Fund in October forecast a 4.4% contractionThe large economic hit from the pandemic means that governments have little choice but to increase spending to support their respective economies, said Cochrane.
"This will be something that will weigh on the economy down the road in a couple of years," said Cochrane. "Hopefully the economy will be growing fast enough that the weight from a lack of government spending won't be enough to pull the economies down."
How many slaves does American government need? I think they have enough. I need to be cut off from America
Trump’s market is going up everyday. The DoW, NASDAQ, S&P are at all time high even if they were overvalued before the pandemic. Mnuchin and Trump and the FED have put the future of our kids in jeopardy. It is unbelievable, Jared, Mnuchin and Trump said market high = election
Too little too late.
It's a piece of crap bill. Barley anything to help struggling Americans. Crap bill.
kuku27 This picture makes you sad, people selling below cost, all due to pandemic and lockdown. More will be adding to jobless
Soooo much? 600 BUCKS. WOW.🤣
kuku27 Absolutely perfect. I am slightly worried about lady in picture, what is she doing with uncovered legs in bitter cold, it also causes cold and cough, once cold grips you(unless this is stock picture taken in warm weather)Take care
600
This helps wall street for a quarter but what about common Joes?
When the government approves a free $600 check for you Republicans: Hell yeah, free money! Democrats: WOW, 600 is nothing! How am I supposed to feed my whole family and pay my rent and electricity, phone bill and everything else the government is suppose to take care of for me
Good thing we are being super aggressive and halving the March stimulus. Big brain thoughts only!
Robinhood is down again,
thanks for this news
So help me understand. Are college students who claimed dependent gonna receive a check this time orrrr?