Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study
Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study December 14, 2020 The COVID-19 pandemic could result in net losses from $3.2 trillion and up to $4.8 trillion in U.S. real gross domestic product (GDP) over the course of two years, a new University of Southern California (USC) study finds. The pandemic’s economic impact depends on factors such as the duration and extent of the business closures, the gradual reopening process, infection rates and fatalities, avoiding public places, and pent-up consumer demand, according ...