The CBO is projecting that second-quarter GDP, adjusted for inflation, will plummet at a 37.7% annual rate following a 4.8% decline in the first quarter. (Image: Thinkstock)
The Congressional Budget Office is projecting that the U.S. economy will not make up losses due to the COVID-19 pandemic and subsequent lockdowns until 2030.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
