WISCONSIN ECONOMIC FORECAST UPDATE: MAY 2020 AS OF MAY ...

• IHS Markit projects a decline of 7.3% in the US real GDP for 2020. In February, IHS Markit was expecting growth of 2.1% for 2020. • US employment is forecasted to decline 13.5% and reach its trough the third quarter of 2020. • April unemployment rates have surpassed the 14% mark in Wisconsin and nationwide. ................
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