CBO predicts a 40 percent GDP drop this quarter

Closed park overlooks New York City.
(Image credit: Kena Betancur/Getty Images)

The Congressional Budget Office has some pretty dismal predictions for the rest of the year.

In 2020's second fiscal quarter, which runs from April through June, the nonpartisan CBO expects the GDP to contract 39.6 percent year over year. That's an 11.8 percent drop from Q1, CBO predictions released Friday reveal.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.