Partner: CBO’s Prediction And How To Prepare For It

Economic fallout from the novel coronavirus pandemic is expected to be drastic and last much longer than first believed. On Friday, the Congressional Budget Office updated its 2020 and 2021 projections for the U.S. economy. CBO is forecasting that unemployment is likely to rise to 16% and then hold at levels of 10% through the end of 2021. This is mind-blowing. It was just February that the U.S. economy had been…

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