Tag Archives: unemployment

Back to normal? Debt and the future of the US economy

May 27, 2020



The COVID-19 pandemic has hurled the economy of the United States into the deepest downturn in decades, with unemployment approaching 1930s levels, and the drop in GDP even exceeding that of the Great Depression, according to the New York Fed’s current estimate of -31%. Most analysts expect growth to resume rapidly once the crisis subsides, […]

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