Techlife News - 21.03.2020

(coco) #1
A CRUEL PARADOX: BEATING VIRUS MEANS CAUSING US RECESSION

The coronavirus is dealing a death blow to the
longest U.S. economic expansion on record,
triggering layoffs and putting intense strain on
the nation’s financial system.


In a cruel paradox, the very steps that are
needed to contain the outbreak — quarantines,
travel restrictions and business closures —
are bringing everyday business to a halt and
shoving the U.S. economy into recession for the
first time since 2009.

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