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An Economic Recovery is Underway

06.06.2020

Let’s start with the bad news first:  The “stay at home” orders and the coronavirus officially triggered a recession. For the second quarter GDP, economists expect a 27.7% annual decline. And, looking forward, some analysts are predicting that the effects of the coronavirus recession could affect the economy for 10 years. The Congressional Budget office recently cut their 2020-2030 outlook for U.S. economic output by $7.9 trillion dollars or 3% of GDP.

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