COVID-19 Late April Update

04/29/2020

In recent weeks, we have seen many predictions from prominent Wall Street institutions, Washington policymakers and economists alike as to how the economy will awake from its COVID-19-induced hibernation. These predictions range from a rapid V-shaped recovery to a despondent L-shaped recovery. Before we discuss shapes, it is useful to dimension the scope of the trauma inflicted on the economy by the COVID-19 crisis.

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