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COVID-19 Recession

COVID-19 Recession

| May 13, 2020
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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.

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