Moody’s: Coronavirus Recession to Cut GDP 2.3% March 29, 2020By Rich Heidorn Jr.Moody’s Analytics said it expects U.S. GDP to drop by 2.3% for 2020 as a result of the “sudden stop” in the economy because of the COVID-19 coronavirus pandemic. | Moody's Tell us who you are,get 2 free articles each month. What do you want to know?Want a free trial instead? Click here.Already convinced? View pricing and plans.Already a subscriber? Log in here. Additional news on this topic:Fearing Wildfires, PG&E to Cut Power to 800,000PG&E said it will cut power to 800,000 customers in portions of 34 northern counties beginning Wednesday morning to reduce wildfire risk during a severe wind event. | U.S. Department of Agriculture.Xcel Energy Reports Solid 2019 EarningsXcel Energy reported year-end earnings of $1.372 billion ($2.64/share), up from 2018’s performance of $1.261 billion ($2.47/share). | SPSCAISO Reports Wholesale Prices Way Down in Q3CAISO reported significantly lower wholesale electricity prices during the third quarter this year, driven by lower natural gas costs and fewer transmission constraints than in previous quarters. | CAISO Leave a Reply Cancel replyYou must be logged in to post a comment.