Evercore ISI's Hyman Predicts Zero U.S. Growth, China GDP 'Armageddon'

The video discusses the current state of the US and Chinese economies, highlighting a strong reading on services but predicting zero growth for the US in upcoming quarters despite a Fed rate cut. China's economy is in a downturn, with a significant GDP drop, but signs of recovery are emerging. The impact of the coronavirus is expected to affect the US economy similarly to China, with a potential recovery timeline of four to six months.

What is the predicted growth rate for the US economy in the second and third quarters?

• Negative growth

• Zero growth

• Rapid growth

• Positive growth

Despite a 50 basis points federal rate cut, why is the US economy expected to weaken?

• The rate cut was not implemented

• The rate cut does not address the virus impact

• The rate cut only affects the stock market

• The rate cut is too small

What was the approximate GDP drop in China during the first quarter?

• 5%

• 10-20%

• 25-30%

• 35-40%

How long did it take for the Chinese economy to start showing the impact of the coronavirus?

• Four weeks

• Three weeks

• Two weeks

• One week

What is the expected timeline for the US economy to start recovering from the coronavirus impact?

• 1-2 months

• 2-3 months

• 4-6 months

• 6-8 months