To ‘V` or Not to ‘V,` That is the Question…
(World News Science)

The COVID-19 induced recession of 2020 began with the ferocity of an unexpected tsunami smashing onto the shore-one month the economy was fine, the next it was in freefall. In February 2019, long before Wuhan saw the first cases of COVID, nearly 80% of economists who contribute to the Wall Street Journal`s consensus survey suggested there would be a recession by the end of 2020-driven by trade wars, inflation, a collapse in real estate, and other `miserabilist` theories that generate headlines. In February of this year, that share had dropped to 10%. It appears many forecasters were panicked by mirages and missed the real threat to the expansion. Now with the second quarter behind us, we...