Red alert: The US economy is going to contract sharply in Q2.

https://sg.finance.yahoo.com/news/majority-of-americans-cut-back-on-spending-because-of-coronavirus-concerns-140044412.html

Since 70% of the US economy is supported by consumer spending, any cutback in local consumption is going to affect the US GDP greatly.

More than half (52%) have started the cutback and more will follow as the infections and death toll rise.