Why The Coronavirus Recession Is Unlike Any Other

PUBLISHED: Thu, 09 Apr 2020 16:00:17 GMT
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The coronavirus pandemic is putting an end to the longest economic expansion in U.S. history. Policymakers and economists warn this recession will be unlike any other downturn.

After expanding for a record 126 months as of December 2019, economists now predict GDP growth will plummet in the first and second quarters of the year as businesses shutter and hundreds of millions of Americans are locked down.

"This is a huge, unprecedented, devastating hit," former Federal Reserve Chair Ja