We are in a recession caused by the world’s reaction(s) to COVID-19. How long will the recession last? There are a lot of opinions on that question. Can history be a guide?
The worldwide flu epidemic started in the fall of 1918 and killed an estimated 50 million people worldwide, including approximately 675,000 Americans. The epidemic was a primary cause of a 7 month recession in the United States that lasted until April 1919 (National Bureau of Economic Research).
A seven month recession for COVID-19? To learn more about our thoughts on the current recession, please visit the LPL Research section of our website.
*
*
*