Forecast: The U.S. coronavirus recession has started, especially in Florida

The U.S., and Florida in particular, already is in a recession and will see a nearly 20 percent decline in its gross domestic product for the fiscal quarter beginning April 1, a Massachusetts real estate data analytics firm predicts.

Cambridge-based StratoDem Analytics forecasts a Q2 national GDP drop of 18.1 percent because of coronavirus-related shutdowns between April 1-June 30 – the sharpest quarterly downturn in GDP modeling history. The firm projects the impacts of the economic fallout to be even greater in Florida.