Posts Tagged recession

Without a coordinated system of testing, tracing, and quarantining for COVID-19, economic activity cannot resume—and the downturn will be steeper and longer than any since before World War II, says Rochester economist Narayana Kocherlakota.

The $2 trillion stimulus plan working its way through Congress likely won’t be adequate to save the US economy from recession in the face of the coronavirus pandemic, says University of Rochester economist Narayana Kocherlakota.