BREAKING: Record 6,600,000 Americans file unemployment claims amid coronavirus pandemic.
Analysts agree it is likely traditional economic indicators will continue to worsen, as the public health crisis continues.
“The March report will effectively be old news,” Meyer said. “The world looked very different two weeks ago than it does today.” There really is no good analogue. While there are parallels to the 1918 influenza pandemic, it is difficult to disentangle its effects on the U.S. economy from World War I, which preceded it. Also, that was more than 100 years ago; there is inadequate data.
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