Some experts believe the recovery will be swift and more complete than that from the Great Recession.
Our friends at Morningstar anticipate the US GDP to fall 5.1% in 2020: however, they believe by 2024 it will have recovered to near pre-COVID-19 levels.
Based on the analysis of past recessions, they believe this will not have a long-run negative impact on the economy and will be more of “blip” in history.
They note fiscal stimulus and the anticipated broad availability of a vaccine will contribute to the recovery.
Learn more from the full article.