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Friday, June 19, 2020

The IMF has finally agreed with our US economic assessment for Q2.

https://www.channelnewsasia.com/news/business/imf-says-deeper-than-expected-contraction-in-us-economy-likely-in-second-quarter-12849538

We had stated that the US Q2 economic growth would be worse than Q1 by analyzing the ISM PMI data in April 2020.  We are right again in our analysis.

http://sg-stock.blogspot.com/2020/05/the-us-ism-pmi-in-april-had-worsened.html

The IMF has concurred with our previous assessment now.

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