Weekly Market Snapshot – April 6th, 2020
Created by: Sam Tenney
- As of April 3rd, the official federal reserve unemployment rate rose to 4.4%, ending the almost decade long employment growth. The period of recording missed the month’s end however, in which 10 million unemployment claims were made meaning real unemployment is likely much higher now.¹
- The International Monetary Fund has warned after economic data continues to roll in that this reversal in economic growth may be bigger than the great financial crisis, with current projections being a -2.7% growth in GDP globally. Earlier projections had predicted a +3.0% growth.²
- Researchers at Deutsche Bank have said national lockdowns are likely to start easing around mid-May, given new data from Wuhan China showing time-frames for easing of the virus transmission.³
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