How Fast can the US Economy Recover from Covid-19?

Morningstar projects a much quicker (and more complete) recovery than the one after the global financial crisis or the Great Depression

Preston Caldwell 18 June, 2020 | 10:23AM

USA

After several months of dour data rolling in for the US and global economies, the surprisingly positive US jobs report on June 5 and retail sales report on 16 June have given investors a glimpse of a recovery from the coronavirus.

For the US in particular, an economic recovery from trough April levels is clearly under way, thanks to lessened social distancing plus unprecedentedly large fiscal stimulus. These factors should continue to play out in the second half of 2020, but there will be some bumps on the road to recovery.

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About Author

Preston Caldwell  is equity analyst at Morningstar.

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