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A Coronavirus Recession?

The COVID-19 pandemic is unraveling the economy nationally and globally as most of the world moves toward a lockdown that entails the closure of significant portions of both the service and manufacturing industries. Staying at home may be safer than going to work but it is creating a disastrous situation for the economy. The lack of global leadership to push for international coordination is very telling, and the lack of consistent US policy will make the impact on economic growth dramatic. We are seeing projections that annualized gross domestic product will drop as much as 38 percent in the second quarter and 5.5 percent for the year. The economic disaster is almost unfathomable. As US une


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