Why America Is Experiencing Two Very Different Economic Recoveries
Evidence suggests the disparity in unemployment stems in large part from the different ways states are approaching the coronavirus.
Nations across the world are still reeling from the COVID-19 pandemic, which triggered a global recession following economic lockdowns enforced by most developed nations around the world.
New estimates put the economic losses at more than $16 trillion, and the United States saw its GDP shrink 9.5 percent between April and June, its largest drop in modern times.
While macroeconomic data is useful, it doesn’t tell the full story. It’s important to understand these economic losses have resulted in severe pain for people around the world, especially the poor.
https://fee.org/articles/why-america...ic-recoveries/
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