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Bridgewater Says U.S. GDP to Shrink 6% Without ‘Meaningful’ Aid

Ray Dalio
Ray DalioPhotographer: Takaaki Iwabu/Bloomberg

The U.S. risks losing $4 trillion in corporate revenue on the back of the novel coronavirus without “meaningful fiscal or monetary intervention,” according to the world’s biggest hedge fund.

The loss would shrink the economy by more than 6%, executives at Bridgewater Associates wrote in a report Thursday. “We see the most extreme decline occurring in the second quarter, where we expect the level of activity to be more than 10% below 2019 end-of-year levels,” they wrote.