Respondents report that "last quarter was the worst since the global financial crisis" for sales, profit margins, prices, and capital spending, said survey chair Megan Greene, a senior fellow at Harvard Kennedy School.
A third of respondents said their firms' operations had been "severely impacted" by the COVID-19 outbreak, including a few firms that had had a "full suspension of operations," according to Greene.
Sixty-three percent of respondents indicated their firms had imposed a hiring freeze in response to challenges from the virus, the survey showed. In addition, 31 percent of companies furloughed employees, and 17 percent terminated part of their workforce.
Over half of respondents expected the official U.S. unemployment rate would be between 6 percent and 9.9 percent one year from now; 28 percent anticipated that the unemployment rate would still be 10 percent or higher then.
The U.S. economy could contract at its worst rate since the Great Depression later this year due to the coronavirus crisis, warned Kevin Hassett, a senior economic advisor to President Donald Trump's administration,
The initial look at gross domestic product for the first quarter, out on Wednesday, will be a negative number, the real damage to the economy from the coronavirus will be revealed further down the road, Hassett said Monday on CNBC's "Squawk Box."
"You're looking at something like minus 20% to minus 30% in the second quarter," he said.
【国际英语资讯:Spotlight: Global COVID-19 cases top 3 mln, U.S. economic outlook darkens】相关文章:
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