In Coronavirus Economy Aftermath, What Will Be Left?
More Americans have been killed by the COVID-19 pandemic than in the Korean, Vietnam, Iraq and Afghanistan wars combined, and the carnage hasn’t ended. Corporate bankruptcies are increasing, the second quarter Gross Domestic Product just plunged a record 32.9% from the previous quarter, and resumption of normal activities is not on the immediate horizon for most people. So the recession will be with us until we have a vaccine and the pandemic ends — likely another year. What will the economy look like on the other side of this veritable valley of death?
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