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Coronavirus and recession: How is this economic crisis different?

Posted on AllSides March 27th, 2020
From The Center
coronavirus, recession

The United States has been through both pandemics and recessions before. But while they offer some insights into what the coronavirus is doing to the economy, the current situation is unique.

In its speed and its depth, this new global recession really is different from those that came before.

That’s how economists view the near shutdown of economies across major portions of the world due to the coronavirus. And they say it means the solutions should be different too.

Unlike the housing market and banking meltdown of 2008, this is...

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