Home / News / GDP can drop 20 percent as coronavirus slams economy: Chan

GDP can drop 20 percent as coronavirus slams economy: Chan



Fmr. Chase Chief Economist Anthony Chan discusses the economic impact of the coronavirus and how the markets will rally post-pandemic.

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50 comments

  1. Stock market is booming though 🤷🏾‍♂️

  2. lol oh yea theres absolutely NO underlying problems at all, its not like we just kicked the can down the road in 2008 or anything no thats crazy talk , pssshh no wayy at all. its all good !!! 🤣🤣🤣🤣 and no people im not a effin lib im just looking at the economic reality. inflation WILL follow in the coming years

  3. The Federal government completely missed the point of the support of middle class American workers, what should have happened is a 90 cessation of loan, lease and rental payments for all individuals, corporations, and small businesses period end of story, the missing capital could be prorated over months or years once the economy started again. the only money needed after that for survival would have been for food and fuel a much smaller capital expenditure than two trillion dollars. This also provides incentive for once the crisis is over for workers and businesses to get going right away. The Banks can be on hold for 90 days and the Federal government can pay lost interest on loans directly to banks instead of these gigantic corporate payments and cash to public. The Airlines DO NOT need to be flying right now at all (except emergency travel only ) The airline staff and operation can be put in a "coma" until June or July then everyone goes back to work as if June first was tomorrow. Boeing did not need a bailout they needed to suspend operations and creditors could be told that no payments made until 6 months and the Federal government could remunerate the interest lost directly to banks. No need for trains airplanes or public transport right now just PAUSE all non essential endeavors . Our leaders have simply thrown cash at this problem for more reasons than explained, the simplest answer is right in front of them and they are blind to it. The American people need to survive a government mandated economic coma and thus the burden of debt is on the Government and not the America citizen directly according to the Constitution the fifth amendment lost property value etc must be replaced by the government at a fair market value folks loosing business and wages due to mandates should have that value replaced until the government reopens the economy.

  4. Politicians are manipulating the stock market and selling it off. It’s disgusting.

  5. Anyone's want to play Tenis? 🎾🎾🎾

  6. FREE MONEY!……..the Nanny State IS the answer! ……FREE MONEY! ……… no need to work for it any more, the Big Government is here with FREE MONEY! …..who cares about a culture of dependency, look at all that beautiful FREE MONEY!…….. Trump is just like that other famous conservative he compares his policy with – Franklin Roosevelt! Step right up and get your FREE MONEY!

  7. It's really not much of a health crisis. The Corona virus is not that bad.

  8. COMMON ,Vernie, he doesn't have a CRYSTAL Ball
    MAKE IN AMERICA will be the SLOGAN that MATTERS

  9. Hell Yeah, when it RAINS, EVERYONE GETS WET

  10. This guy sounds like the British version of Siri.

  11. I looked up Corona-Chan and this is the first thing that came up. 😕

  12. It will come back. Stop scaring people.

  13. CCP Bio-weapon renders our trillion dollar military obsolete. DNC/MSM =chinese fifth column!

  14. Trump needs to immediately impose a moratorium on negative credit reporting and late payment charges for 3 months or so. This one act will take the place of having to get thousands of creditors to agree to help and defer payments for people.

  15. NO STIMULUS FOR MADE UP VIRUS!!! IF WE DON'T GET OUR RIGHTS BACK, WE WILL TAKE THEM!!!

  16. More bull dookie to con the suckers into staying in the market so douchebags like these guys can have something to steal. Spin a crazy yarn pulled straight out of the booty than ends with the economy being awesome in a year, and the marks will leave their retirement money in until they go bust in the next month or two. They are just trying to steal everything they can on the way to collapse.

  17. BS ! He is making this up. Forth quarter will be consumed by the virus returning in the 2020 Fall season.

  18. "I will not accept the government's socialist bailout check" said no MAGAT ever.

  19. Economy is getting slammed harder than Pence's chin by Trump's ballsack.

  20. All of this because of a mild flu.

  21. "350 million pot of money for “Migration and Refugee Assistance”
    WTF??

  22. CABAL AND CHINA DID THIS. CABAL IS TRYING TO FORCE US TO GIVE THEM THINGS. IN ORDER TO HELP AMERICA AMERICANS AND LEGAL IMMIGRANTS….

    ALL AMERICANS AND LEGAL IMMIGRANTS LET THE NEXT FEW WEEKS BE USED TO PRAY. TO UNITE . FOR AND WITH PRESIDENT DONALD J TRUMP AND HIS ADMINISTRATION . AND THAT THE EVIL CABAL CHINA AND CABAL MEDIABE EXPOSED.

    THEY ARE TRUELY OUR FOREIGN AND DOMESTIC ENEIMES!!!!!

  23. AMERICA TRUST'S PRESIDENT TRUMP AND THE REPUBLICANS.
    AMERICA IS SAFE.
    THANKS VICE PRESIDENT PENCE…
    THANK YOU SENATOR MCCONNELL…
    REPUBLICANS MAKE AMERICA SAFE AND SECURE…
    TRUMP/PENCE FOR REELECTION IN NOVEMBER 2020…
    GOD BLESS AMERICA…
    I'M VOTING FOR REPUBLICANS ALL THE WAY…
    THANKS AGAIN PRESIDENT TRUMP… WE THE PEOPLE ARE READY…

  24. Never depend on the government ever.

  25. Well America is the Democrat pan working yet

  26. It's the end of the world as we know it….it's end of the world as we know it….💥

  27. His model is probably not far from reality, but people we can’t keep making the same Globalist Mistakes! We wouldn’t be hurting this bad if goods were MADE IN AMERICA, let’s learn the lessons of being Import Dependent!

  28. All trump voters should go to church Easter Sunday and take fish cleaning pill. The economy will come back up.

  29. CAPATALISM = Socialism for Banks and cmCorporations ÷ by rugged individualism for everyone else

  30. Your rights taken away little by little, with every disaster. 9/11 and now that Fisa needs to be renewed this epidemic. This is how one world order is placed right under the peoples noses.

  31. Federal Reserve been pumping up the repo since last year the dollar is on its last leg

  32. However if the World's GDP is dropping simultaneously would that not allow for a curve? The media's sensationalism borders on insulting. Please show you are above the fray.

  33. A 20% drop in gdp is better than 100% drop with no rebound, plus the loss of major industries like the airlines, auto, ag, and loss of human capital.

    The US will rebound much better than Eu & Asia, since they were already in recession.

  34. The country is still broke. All this is a scam at our expense.

  35. "A recent controlled clinical study conducted by Didier Raoult MD/PhD, et al. in France has shown that 100% of the patients who received a combination of hydroxychloroquine and azithromycin tested negative and were virologically cured within 6 days of treatment."

    "As a Pandemic, Covid-19's days are numbered."

  36. VETO all bills that have funds for anything other than Pandemic Relief. Congress Needs to Learn.

  37. I love seeing that green arrow pointing up.

  38. I wonder how happy the dems will be when they are homeless. But at least trump is gone. Lmao.

  39. The only thing this is going to change is that Globalism is a failure!

  40. amazing video keep it up bro

  41. nice content keep up the amazing work

  42. Whose GDP?
    Vaticanos chocos baritos tacos shells or Burmese americanos with alladin magic lampeese?

  43. All of this talk of economic recovery is predicated on the assumption that C-19 is no longer spreading in 3 months.
    OK, and what if your wrong?

  44. PELOUSEY IS TRYING TO GET 1B FOR MURDERING BABIES !

  45. I feel like the media and some of the experts interviewed are trying to fight the stock market rally. That's just the impression I get.

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