Coronavirus could ‘drag on US economy for a decade’
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The drag on the US economy from the virus pandemic will last almost a decade, according to projections by the Congressional Budget Office (CBO).
It forecasts the outbreak will cut US economic output by 3% between this year and 2030, a loss of $7.9tn (£6.3tn).
The warning comes as tens of millions of people are out of work due to lockdown measures.
America’s…
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