Why the chances for a ‘V’-shaped economic recovery are getting less likely by the day

Trump Recession Coronavirus Recession Type
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The abrupt halt in large parts of economic activity has spurred hopes, as indicated by Monday’s market rally, that when the growth engine is turned back on, the U.S. will be turbo-charged and ready to roar.

What is more likely to happen is an economy that might rev hard at first but may be prone to sputtering, stalling and wheezing before finally hitting cruising speed. The prospects of a “V” recovery, where the big downturn is matched by a violent upswing, diminish each day the economy is handcuffed due to the coronavirus containment measures . Consumers suffer more damage, cash-strapped small businesses edge closer to the brink, and questions […]

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