“Even while still living in the midst of the coronavirus pandemic, we’re starting to see the long-term effects of lost schooling, curtailed travel and shuttered businesses,” Axios reports.
“The U.S. will see some $7.9 trillion in lost economic growth through this decade, according to the Congressional Budget Office. The World Bank, meanwhile, predicts global gross domestic product will shrink by 5.2% in 2020 alone — nearly three times as much as the 2009 recession.”