May 11, 2020

Mark Zandi on the risk of reopening the economy too soon

I think if we reopen too quickly and we see infections rise, get a second wave and that causes more business disruption, we may not shut down again, but certainly it'll scare people, spook people and weigh on the economy.  That would be the fodder for a depression.

Mark Zandi, "US risking a second wave and a depression," CNBC interview, 3:40 mark, May 8, 2020

If second wave hits, economist Mark Zandi warns a depression will hit

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