Peering into the crystal ball to see how Covid-19 will play out in US economy
10 March 2020 - 16:10
How bad Covid-19 will be for the US economy is almost impossible to say, since there are few precedents to look to. By considering two extreme scenarios, however, it is possible to get a sense of what the issues are.
Consider the relatively optimistic view: Covid-19 will have effects akin to what economists call a seasonal business cycle — it will be over quickly and without much lasting damage...
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