At the end of 2020, the US GDP should decline by 3.7% instead of 6.5%, but the rebound expected next year will be less strong: 4% instead of 5%.
These forecasts remain very uncertain since everything will depend on the Covid-19 epidemic and the development of a vaccine to counter it.
To stimulate activity, key rates should remain close to 0 until 2023. Jerome Powell, the boss of the Fed, calls on Democrats and Republicans to quickly vote aid, especially in the direction of the 11 million Americans without work.
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