When will the U.S. economy recover from the infection?

Summary

The current crisis represents an unprecedented risk to the U.S. economy as the fallout from the coronavirus has created a confluence of supply- and demand-side shocks coupled with a financial meltdown.

Key points

• Key points:
• The experience in China, Italy and other countries suggests that the number of cases could peak in the Spring or early Summer
• The direct economic impact should be large, but temporary

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