US Economic Outlook: Riding the COVID-19 coaster

KPMG US Chief Economist Constance Hunter provides current scenario analysis for the United States, including deep background on the underlying cause and effect dynamics.

The COVID-19 economic downturn is impacting different sectors in the United States (US) than the Global Financial Crisis, with leisure and hospitality and health care taking the brunt of the job losses now, compared with construction, manufacturing, and financial services taking the brunt of the job losses in 2008-2009.Like pandemics throughout history, we anticipate COVID-19 will have a disruptive impact on key sectors.It has already been an accelerant for online transactions as well as for ...

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Authors: Constance Hunter

Published Date: 27 August 2020