A comparison of the latest economic environment with past recessions speaks to the severity of the shock created by the pandemic and the world attempts to consist of it. I use the United States as my case in point in the illustration under, but the tale is similar all-around the world. The shock to economic growth, and to work as perfectly, from pandemic-containment attempts make even the 2008 world economical disaster seem insignificant.
An unprecedented shock to U.S. GDP
Sources: U.S. Bureau of Economic Investigation. April 2020 details place is Vanguard’s forecast for 2nd-quarter U.S. growth.
Yet comparisons with the