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Economic crisis Credit: kentoh/Shutterstock.com

After more than 10 years of economic expansion in the United States, another downturn was anticipated, but not for the reasons or in the way that it has occurred. The disruption caused by COVID-19 to U.S. (and global) economic output is unprecedented. Some estimates predict that the U.S. GDP could shrink by 9%—three times more than the drop in GDP during the 2008 Great Recession.

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