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>U.S. economy will shrink by 14% as coronavirus leads to worst contraction in 50 years: JPMorgan Even if there’s a rebound in the second half, the economy will still shrink almost 2% over year Canada can expect 6 to 7% drop in GDP, says CIBC deputy chief economist Benjamin Tal

>The coronavirus outbreak will result in the worst quarterly GDP growth contractions in the past 50 years, according to a new JPMorgan Chase and Co. note which predicts that the U.S. economy will shrink by a stunning 14 per cent in the second quarter of 2020.