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Will Coronavirus Cause an Economic Depression?

Posted on AllSides May 20th, 2020

This Abridge News topic aggregates four unique arguments on different sides of the debate. Here are the quick facts to get you started:


  • According to the Bureau of Labor Statistics, U.S. unemployment reached 14.7% in April. In that month, the U.S. lost 20.5 million jobs. With so many out of work, some are predicting the arrival of a new economic depression.
  • Real U.S. GDP decreased 4.8% in the first quarter of 2020 (BEA). Worldwide GDP growth is -3%, and is worse in advanced economies (-6.1%) than e
  • ...
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