U.S. Economic Recovery Could Take 10 Years



The Wall Street Journal reported that a full recovery from the effects of COVID-19 on the U.S. economy could take 10 years, according to the Congressional Budget Office.

The budget office has revised its forecast for U.S. output by 3% of GDP or $7.9 trillion, according to the Journal.

The Journal noted that the outlook was delivered after recent surveys suggest that manufacturers across the globe are scaling down production.

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Terry Mulreany
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