Economists Predict Great Depression II for US Economy: Fast or V-Shaped Recovery Unlikely

A number of economists have predicted the place the U.S. economic system is heading. One stated it will take a miracle to maintain the recession from turning into one other Great Depression. Some consider quick or V-shaped restoration is unlikely. In the meantime, Apple CEO Tim Cook dinner reportedly informed President Trump the other, predicting that the U.S. economic system may have a V-shaped restoration.

Great Depression II

A variety of strategists and economists have predicted a dark outlook for the U.S. economic system as unemployment swells to unseen ranges for the reason that Great Depression. Knowledge launched final week reveals that one in six Individuals are out of a job because the coronavirus disaster deepens; roughly 26 million individuals have filed for jobless assist in 5 weeks. Chris Rupkey, managing director and chief monetary economist at MUFG Union Financial institution, was quoted by Yahoo Finance as saying:

At this level it will take a miracle to maintain…

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