Analysts expect US to avoid a depression — if infections peak soon
A sharp shock is certain, but its length will depend on monetary policy and the coronavirus’s tenacity
The US is entering a recession. The ultimate fear is that it could turn into a protracted malaise that has some flavour of a depression.
That’s far from the base case, with many analysts and investors taking heart from signs of revival in the original epicentre of the coronavirus, China, and predicting a second-half upturn in the US after the contagion subsides...