The economy needs at least $1.3 trillion in the new stimulus bill to sustain recovery, says the co-CIO of hedge fund giant Bridgewater Associates Greg Jensen by theothersarahh
with CNBC, Greg Jensen, the co-CIO of hedge fund giant Bridgewater Associates, estimated that the U.S. economy needs another stimulus bill worth between $1.3 trillion and $1.7 trillion to sustain its recovery. KEY FACTS
He expects a “big drawdown” if lawmakers, who have been struggling for weeks to agree on the next round of federal coronavirus aid, don’t enact any more measures to prop up the economy.
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