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Why coronavirus recession recovery will be faster than Great Depression - Business Insider

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Economists think coronavirus could push unemployment above Great Depression levels. Here's why the pain won't be as prolonged this time.

. Legislators "have the power to make this recession one of the briefest" through stimulus targeted at the most battered areas, she added.

The threat is "easy to solve," Shierholz said, as "Congress could, in 10 minutes, write legislation to do that."Krugman echoed Shierholz's call, telling Business Insider that the "" states' budgets represent must be addressed in a new stimulus bill. State budget risks will persist months after the pandemic abates and they remain the next battlefield for a swift economic rebound, he added.

"Rising jobless numbers suggest that productive capacity is being eroded, so when self-isolation measures are eventually lifted, economic activity will take that much longer to get back on its feet," the strategist said in an email to Business Insider. "The chances of a V-shape economic recovery are fading."Stocks are technically back in a bull market, but Wall Street experts don't trust it.

A soaring economic rebound in the US has "a very low probability" due to the country being "a little late to the game with the testing case," Jack Janasiewicz, senior vice president at Natixis Advisors, said in an interview with Business Insider.

 

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Hopefully it will be deep but short recession. The world now is completely different then 100 years ago

it will

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