Contraction

Deep Recession and Contraction of Global Economy: “Second Wave” Covid Economic Impact?

  The reopening of the US economy in June—and some states as early as May—has produced a modest economic ‘rebound’. But rebound is not to be confused with economic recovery. The current rebound is the natural result of the US economy collapsing 40% between March and June 2020. In the first quarter, January-March 2020, the…