The U.S. economy has never hit the brakes quite like this before. While the course of the coronavirus pandemic is unpredictable, forecasters are using their economic models and making some educated guesses about just how bad the damage will be. The forecasts are not pretty: • Oxford Economics expects the U.S. economy to shrink at an annual rate of 12% between April and June. • J.P. Morgan sees a second-quarter contraction of 14%. • Goldman Sachs warns of a jaw-dropping 24%. By comparison, during the worst quarter of the Great Recession in late 2008, the economy shrank by 8.4%. The first faint signal of what's ahead ... (full story)