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Coronavirus will wipe out corporate profit growth in 2020 and may trigger recession: Goldman Sachs


7 days ago by msn.com


Coronavirus will wipe out corporate profit growth in 2020 and may trigger recession: Goldman Sachs

Strategists at Goldman Sachs just reminded investors why they are dumping stocks hand over fist right now. The coronavirus may wipe out corporate growth in 2020, perhaps completely. Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldman’s view that the coronavirus is expected to spread around the globe and severely harm economic activity. read more...



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