3 Things Investors Should Remember as a Recession Looms
The U.S. economy experiencing a period of recession (defined as two consecutive quarters of annual gross domestic product (GDP) decline) appears to be a certainty at this point. First-quarter GDP came in 5% lower compared to the prior-year period, and the year-over-year drop in the second quarter will almost certainly be more pronounced. Many economists currently project a drop in the 40% range for the quarter concluding at the end of June, which would mark the biggest decline in the country's history.
States are easing quarantine restrictions, and businesses are beginning to reopen, but investors still have to be prepared for lingering impacts from the coronavirus pandemic. Here are three things investors should remember as they prepare their portfolios for a recession and chart their financial strategies amid the unprecedented conditions facing the U.S. economy.
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Source Fool.com
