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Coronavirus Fallout Likely To Lead to UnPrecedented Economic Slowdown (BBJ Story)

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The Baltimore Business Journal
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The mounting fallout from the coronavirus crisis will push the United States into an unprecedented state of contraction that, depending on the severity and length of government-mandated quarantines, could result in economic upheaval and job dislocation unseen since World War II. 

That’s the sobering consensus among a trio of economists whose best-case scenario — a hard stop of the U.S. economy that abates by midyear — still would amount to a 9% contraction of economic output and a jump to 6.5% unemployment in the second quarter. The group's worst-case forecast is that the crisis triggers slowdowns in household consumption, housing and business activity, would likely trigger economic losses unrivaled in our lifetime.

READ THE FULL STORY ON THE BBJ WEBSITE.