The Congressional Budget Office and the crisis
About the author:
- Author name:
- By Michael Knox
- Job title:
- Chief Economist and Director of Strategy
- Date posted:
- 21 May 2020, 12:20 PM
The Congressional Budget Office believes that after a terrible second quarter, rapid recovery will begin in the US economy in the third quarter. Unemployment peaks in the third quarter and then begins to decline.
Should the CBO be correct, then a dramatic recovery will soon begin.
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