U.S. Panic Shutdown Could Wipe Out 40% Of The Economy, Unemployment Will Hit 27 Million: CBO

The U.S. economy will plunge by 40% this financial quarter and the unemployment rate will soar to 14%, the Congressional Budget Office said Friday. The unemployment rate will eventually rise to 27% — a number not seen since the Great Depression — and the recession caused by shutting down the economy during the coronavirus panic … Continue reading U.S. Panic Shutdown Could Wipe Out 40% Of The Economy, Unemployment Will Hit 27 Million: CBO