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One Wall Street firm thinks the coronavirus-roiled stock market could fall another 20% this year

"There is worse to come, hard though that may be to imagine," said a group of analysts from TS Lombard.
People gather at the entrance for the New York State Department of Labor offices on March 20, which closed to the public due to the coronavirus outbreak in the Brooklyn borough of New York City.

The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing ...

Over 10 million Americans filed for unemployment in March. Macy's, Marriott, buzzy startups, and more contributed to that record-breaking number.

The stock market’s biggest source of buying power is quickly fading and won’t come back for years, new report says

Debate around whether buybacks are "socially unacceptable" could place a permanent drag on stock repurchases, Sanford Bernstein analysts wrote.
Federal Reserve Chair Janet Yellen holds a news conference following day two of the Federal Open Market Committee (FOMC) meeting in Washington, U.S., December 14, 2016.

Janet Yellen warns coronavirus-hit US economy could contract 30% next quarter, says unemployment might already be 13%

"My hope is that we get back to business as usual as quickly as possible," said former Federal Reserve Chair Janet Yellen.
Mervin Sealy from Hickory, North Carolina, takes part in a protest rally outside the Capitol Building in Washington, October 5, 2011. Demonstrators were demanding that Congress create jobs, not make budget cuts during the protest.

US annualized gross domestic product to decline by 10-40% in 2nd quarter, SocGen says

Current US market turmoil is expected to trigger the "deepest quarterly pullback" in US post-war history, according to Societe Generale.
A man with a face mask crosses a street in Brooklyn, New York, United States on March 25, 2020.

Credit Suisse says the US economy will shrink 33.5% next quarter, the biggest drop in history

The bank also expects annual GDP to decline 5.3%, a bigger slump than was seen amid the global financial crisis in 2008.

The legendary economist who predicted the housing crisis says the stock market is probably far from the bottom — in a video interview from his b...

Shilling expects this recession to run at least through the end of the year and says the stock market is probably far and away from the bottom.

Economists think coronavirus could push unemployment above Great Depression levels. Here’s why the pain won’t be as prolonged this time.

Issuing state and local aid before possible budget deficits can help avoid "a huge drag on the economy," an Economic Policy Institute director said.

Nobel-winning economist Paul Krugman sees unemployment soaring to 20% in a matter of weeks

"Balance sheet damage will hinder recovery even when the virus subsides," Krugman said, adding state governments require more aid to fuel a rebound.
Dora Reynolds, who is currently unemployed, sits along a road downtown on October 24, 2016 in East Liverpool, Ohio

JPMorgan expects 7 million Americans will file for unemployment benefits next week — the 3rd record in a row

"The number of workers in industries directly affected by COVID-19 is massive," JPMorgan economist Jesse Edgerton wrote.