Saturday 18 April 2020

Bridging Divides: Most Agree on Economic Outlook: It’s Bleak


THE NEW YORK TIMES: Even if not directly hurt by the coronavirus pandemic, Americans largely expect unemployment and depression to prevail over the next five years.

The coronavirus pandemic has united Americans of different races and income levels in deep pessimism about the economy, in contrast to the widely divergent views that prevailed before the crisis.

Highly paid or less so, black or white, investors in the stock market or not, Americans largely expect a poor or mixed performance from the economy in the coming year and prolonged damage over the next five years, according to a poll for The New York Times by the online research firm SurveyMonkey.

Those groups also roundly support the stringent limits on economic activity that state and local officials have imposed to slow the spread of the virus and minimize its death toll. » | Ben Casselman and Jim Tankersley | Saturday, April 18, 2020