Economic outlook: 2nd wave of virus cases to drive depression - Business Insider

A store stands closed near Wall Street as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City.A second wave of coronavirus cases would quash hopes for a swift recovery and push the US into a depression, Mark Zandi, chief economist at Moody's Analytics, toldStates have begun reopening their economies to keep businesses afloat, but public health experts warn a return to pre-virus norms could drive a surge in new infections.

The US economy sits in "quicksand" until a vaccine can reverse damage to consumer confidence and business operations, Zandi added.What many view as the cure to the current economic downturn could spur a far worse outcome, Moody's chief economist Mark Zandi warned. Hiring could bounce back starting in late May as businesses resume activity, the economist predicted, but lasting risk will weigh on economic activity for months to come.

The breadlines will be miles long because everyone will have to stand 6 feet apart.

Lets pray .Please Lord spare us.

Trump's Presidency has sentenced the US to a second & possibly a third wave.

You're sitting ducks for it. Brace yourselves.

Is it not in recession yet?

I'm tурing with one hand... because my other hand is busy)

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How to prepare your business for an audit in case of PPP loan fraud - Business InsiderFraud related to small business loans is on the rise — and the federal government is on high alert. Here's how to protect yourself in case of an audit or investigation.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wuhan reported its first new coronavirus case in more than a month - Business InsiderOn the same day Wuhan, where the virus outbreak began, reported its new case, China saw its largest single-day increase in new cases since late April. 😱😱😱 Hurry shut down the economy 🤣🤣🤣 Here we go again coronavirus COVID19 Unless there is a vaccine, the coronavirus is here to stay, it is far too late to eradicate it by isolation - it is going to come back every 6 or 12 months, infecting less and less people because of the herd immunity
Source: BusinessInsider - 🏆 729. / 51 Read more »