Business Description
Policy choices in the face of the coronavirus pandemic have caused what this book provocatively refers to as “the greatest economic collapse in US history”. The provocation lies in a statistical comparison with the Depression of the 1930s. Then the US economy shrank by nearly a third between 1929, the year of the Wall Street crash, and 1933. In today’s viral circumstances, the World Bank estimates that US gross domestic product fell by just 3.6 per cent in 2020 and projects positive growth thereafter.
