A lost decade

Discussion in 'United States' started by (original)late, Jun 8, 2020.

  1. (original)late

    (original)late Banned

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    "Unfortunately, a partial turnaround is exactly what the Congressional Budget Office’s May macroeconomic forecast says the country should expect — followed by an extended slog toward actual recovery.

    In fact, the CBO is projecting that inflation-adjusted gross domestic product won’t return to its pre-pandemic trend level until 2030. So it’s looking like a situation where unemployment remains elevated for nearly a decade, and the country as a whole ends up trillions of dollars poorer."

    So much winning..

    https://www.vox.com/2020/6/8/21281638/cbo-economic-forecast-recovery
     
    Last edited: Jun 8, 2020

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