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Economic Output Plummets, But What Does the Future Hold?

Economic Output Plummets, But What Does the Future Hold?

| July 31, 2020
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United States’ output, as measured by GDP, told us what we already knew. The economy suffered its worst contraction on record in the second quarter. Other data released today gives a better picture what the future might hold. Unemployment claims are stabilizing at a very elevated level. This will continue to drag on the economy which will likely see a slower recovery than many stock investors are anticipating. The latest commentary from Cetera Investment Management discusses this topic in more detail.

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