Consumer spending is grinding to a halt amid fears of the escalating coronavirus pandemic, driving stocks into a bear market and hurtling the economy toward a recession. But even though the economy has weathered shocks and recessions before, what’s different this time is the speed of decline and the comprehensive hit caused by the unpredictable health scare, which affects Americans’ ability to produce and consume.
global recession
April 25, 2024
Editor on Duty: Mark K. Miller
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