Consumer confidence sank to a record low in April. That lends further credence to the view that a consumption-led plunge in economic activity is underway this quarter. We are forecasting a 12% q/q contraction in GDP in Q2.Consumer confidence sank to a record low in April. That lends further credence to the view that a consumption-led plunge in economic activity is underway this quarter. We are forecasting a 12% q/q contraction in GDP in Q2.
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