Coronavirus recession is either here or on its way, economists say [CBS News]
IHS Markit Ltd. Common Shares (INFO)
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Source: CBS News
When it comes to the impact of thecoronavirus60% of AmericansAt Morgan Stanley, analysts are forecasting elements of both ends of that spectrum. "This will be a deep but shorter recession," the investment bank's analysts wrote in a recent client's note.The global economic downturn now in play will be a deep "V-shaped " recession — a sharp plunge in growth followed by a quick recovery — predict analysts Chetan Ayha, Derrick Kam and Frank Zhao. That's because the public health crisis underlying the current economic stall is more akin to a natural disaster than a financial shock, and is therefore being met with a more aggressive policy response than the financial meltdown that brought on the 2008 recession, they noted.: The Race To Respond in : The Race To RespondThe U.S. and Europe will see a sharp deceleration in growth in the second quarter before recovering in the third, with the recovery expected to be slower than in China, where production levels are already back at 85% to 90% of p
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