You Daily Roundup for April 15th
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Good morning. As the COVID-19 pandemic takes a toll on the U.S. economy, our team at Future Majority is tracking the latest updates:
The IMF projected that the pandemic would cause the worst economic slump since the Great Depression:
The International Monetary Fund projected that the global economy will contract 3% this year, and the U.S. economy will slide 6%. This would be the greatest downturn since the Great Depression in the 1930s.
Retail sales in the U.S. experienced a record decline:
Retail sales dropped a staggering 8.7% in March, the largest slide for a month on record.
Stocks fell today after the onslaught of negative economic data:
With the IMF projections and crushing retail sales, as well as reduced industrial production and manufacturing output, U.S. stocks have fallen over 2% in the S&P 500 and the Dow in early trading.
Despite the troubling economic reality, Trump’s approval on the economy remains high:
A new Economist/YouGov poll shows that a slim majority of registered voters approve of the way Trump is handling jobs and the economy:
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