How COVID-19 Could Spark The Next Recession

How COVID-19 Could Spark The Next Recession

OilPrice.com

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If the stock markets around the world are telling us anything, it is that there is more uncertainty and pessimism about the economy than there were some weeks ago. This is a reasonable reaction, given that the virus is still spreading, its severity and probable duration are increasing, and there are both supply and demand shocks to a world economy that is much more interlocked than many realized. Even if heroic and costly efforts to “flatten the curve” succeed, there is a chance of rebound cycles that cause either renewed isolation…

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