6.14.20
With the pandemic continuing to loom over the world, economists have become more concerned that the recent economic downturn could get significantly worse over the next few months. While White House officials are optimistic that the US has passed the worse of the downturn thanks to an additional 2.5 million jobs being reported in May, some economists predict that the current economic recovery trajectory will “go sideways” until a COVID-19 vaccine is developed said Mark Zandi, Moody’s Analytics economist. Zandi also notes that the US could experience a “double dip recession” if the government does not provide an additional $1 trillion in federal aid.