‘Dreadful’ April retail sales means Q2 growth may take an even bigger hit

‘Dreadful’ April retail sales means Q2 growth may take an even bigger hit

Given the coronavirus’s diffuse impact on the U.S. economy, it was hard to imagine how expectations for U.S. growth could sink any lower. Yet after Friday’s horrific (and historic) 16.4% plunge in April retail sales, those forecasts may fall over a cliff.  The data — which threw into stark relief the effects of restrictive stay-at-home […]