Goldman Sachs warns that the coronavirus could slow the US economy | Metals Mine

  • Goldman Sachs warns that the coronavirus could slow the US economy

    From cnn.com

    The fast-spreading coronavirus could slow first quarter growth of the United States economy, according to a new report from Goldman Sachs. Analysts at the firm forecast a 0.4 percentage point decline on US annualized growth through March. But it's not all doom and gloom: Goldman Sachs (GS) also predicts that growth will rebound in the second quarter by roughly the same amount. The note said that it doesn't "find a clearly discernible effect of past pandemic scares on aggregate US activity." Overall, analysts predict the coronavirus will result in "only a small net drag" for the full year. Reasons for the slight ... (full story)

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OnlineAddict
Jan 31, 2020 5:04pm — Edited
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Quoting eztrader1
Do the math: daily geometric growth rate 34,36%!!!! 2 weeks ago: 160 infected Today: 10.000 cases Feb 13: 625.000 cases Feb 27: 39.062.500 cases 39 MILLION!!! only within 6 weeks, if no remedy has been found, Mar 13: 2,44 BILLION
April 1: 100 billion

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Tony112
Jan 31, 2020 4:44pm
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If the situation goes out of control I’m going on an island. I have enough money
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RazorFitch
Jan 31, 2020 1:27pm
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GS need to include some more kinky words to make it sound exciting....
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Tony112
Jan 31, 2020 1:57pm
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afevir
Jan 31, 2020 1:11pm
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Banditten
Jan 31, 2020 6:02pm
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May 1 we are all passed and the snakes or bats or whatever started this can rule the world
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eztrader1
Jan 31, 2020 2:16pm
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Do the math: daily geometric growth rate 34,36%!!!!

2 weeks ago: 160 infected
Today: 10.000 cases
Feb 13: 625.000 cases
Feb 27: 39.062.500 cases 39 MILLION!!! only within 6 weeks, if no remedy has been found,
Mar 13: 2,44 BILLION

standard time period for finding first effective medicine: 6 to 9 months; for a quick remedy
the problem: the growth is stable in itself, each day so far was worse by 34% than the day before, there is no randomness or volatility in the figure

so if this trend is not broken by some external cause, it will continue

the small bright side, mortality around 2%, hopefully this number will fall as soon as possible
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