March 18, 2020
Economists predicting coronavirus recession
Photo | Grant Welker
A nearly empty parking lot at the AbbVie facility in Worcester on March 17 shows how many are forced to work from home during the coronavirus outbreak.
By Micah Wingell
Due to the outbreaks of COVID-19 throughout the world, 42% of economists surveyed by the Initiative on Global Markets of the University of Chicago predict a major recession to result.
Around 26% of the economists surveyed by the IGM of the University of Chicago were uncertain of what will occur out of the COVID-19 outbreaks, but only 8% of the economists surveyed disagreed with the possibility of a global economic recession.
One of the economists surveyed on this question anticipated a global recession based on what is occurring in Italy, assuming much of the world follows a similar path.
The uncertain economists said they could not confidently conclude what will occur based off of their unknowing of how long this crisis will continue.
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