U.S. Economy Faces Projected 10-Year Recovery From Coronavirus Effects

Elvera Bartels

The U.S. economy could choose the better part of a 10 years to completely recover from the coronavirus pandemic and related shutdowns, a U.S. spending plan company mentioned, as a series of surveys pointed to continuing weakness in world production.

The Congressional Price range Office, a nonpartisan legislative company, mentioned the sharp contraction activated by the coronavirus caused it to mark down its 2020-30 forecast for U.S. financial output by a cumulative $7.nine trillion, or three% of gross domestic item, relative to its January projections. GDP…

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