The coronavirus will cost the economy nearly $8 trillion, Congressional Budget Office says
posted in: Earthquakes, Famines, Pestilence, Disasters, News
KEY POINTS The coronavirus is likely to reduce GDP by $7.9 trillion, or 3%, through fiscal 2030, according to the Congressional Budget Office. Sen. Chuck Schumer said the estimate shows the urgency of getting more rescue funding passed. Nominal GDP … Read More