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Coronavirus Recession Looms, Its Course ‘Unrecognizable’

Coronavirus Recession Looms, Its Course ‘Unrecognizable’

The U.S. economic outlook darkens daily, with millions facing unemployment and businesses in a steep decline. And the day after doesn’t look better. “There is a risk that the psychology has changed,” Mr. Slok said. “People will be very reluctant to do a lot of travel and spending and may want to save for another day. There will be more caution.”
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