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A lost decade looms for the US economy

A lost decade looms for the US economy
Wednesday 3
8:30 2020

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here London (CNN Business) It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday. The CBO warns in a new analysis that the pandemic will reduce cumulative economic output over the next 10 years by $7.9 trillion, or 3% of GDP during the decade, compared to its projections from January. Without accounting for inflation, the damage totals $15.7 trillion, or 5.3% of GDP. The ...

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Read more from CNN : A lost decade looms for the US economy
CNN : A lost decade looms for the US economy

Summary: A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here London (CNN Business) It could take the US economy most of the next decade to recover from the coronavirus pandemic, the Congressional Budget Office said on Monday. ...

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