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Economists Start Forecasting Negative U.S. GDP Numbers on Coronavirus

Operations Inside A Subaru Production Facility Ahead Of Factory Order Figures

Photographer: Daniel Acker/Bloomberg

Economists are lowering their estimates for second-quarter growth in the U.S. as the coronavirus crimps demand and spending, in some cases penciling in what would be the first contraction since 2014.

Analysts who follow the U.S. economy from at least six financial firms -- Wells Fargo & Co., BMO Financial Group, Canadian Imperial Bank of Commerce, ABN Amro, Rabobank, and Berenberg -- now see contractions for the April-June period, ranging from an annualized rate of 0.1% to 2%, according to research reports and early survey responses compiled by Bloomberg News.