There’s now a 100% chance of recession.
For the last couple weeks, I’ve been sounding this warning. And now I’m seeing major economists come to the same conclusion:
U.S. GDP will fall 2% – 3% in 2020.
ONLY a coronavirus-stopping drug – like this new cure – can stop the economic pain.
Go here for details on the tiny $5 biotech winner.
The U.S. will be hit just as hard as China by the coronavirus recession. So, let’s take a look at the effect of coronavirus on the Chinese economy . . .
- Industrial production fell 13.5%
- Manufacturing dropped 15%
- Exports fell 17%
- Retail sales dropped 23%
- Automotive production plunged 32%
- New housing starts declined 44%
Autonomous Research reports that China’s GDP will fall 12% in the first quarter.
Now, the Chinese government will never release the real GDP numbers (and they haven’t done so in years).
Do you own the No. 1 biotech creating a new coronavirus vaccine? Shares could surge 3,825% in 2020 – even when stocks drop. Click here ASAP for details.
How bad will the coronavirus recession be in America?
Goldman Sachs reports that second-quarter GDP (April – June) will plunge 5%. That’s the biggest decline since the Great Recession.
Washington seems to be waking up to the economic crisis.
Sen. Mitt Romney is recommending a $1,000 cash handout for every American adult. And that’s probably a good starting point – yet still not enough.
Meanwhile, President Trump will meet with Republican Senators tomorrow. And he’s expected to request $850 billion in stimulus.
Airlines are expected to get $50 billion in bailout cash. And that’s hopefully enough to keep them afloat as travel grinds to a halt.
Meanwhile, Trump is pushing for a payroll tax cut that would instantly give every American a raise.
These are good starting points in this coronavirus recession. Yet they still are not enough. The coming 60 days will see an unprecedented economic slowdown . . . one that we have not seen since the Great Depression.
That’s why a coronavirus cure is so critical. And three little-known biotech stocks are on the fast track to FDA approval.
Get the full story on these breakthrough drugs . . . and how they’ll save lives and deliver life-changing profits.
Yours in Health & Wealth,