When a hurricane rolls in, a river breaches its levee or suddenly shifting tectonic plates shake the earth, the economy can experience a big hit. The ensuing recovery is often even bigger.
But the coronavirus epidemic is no hurricane. It will weigh on the U.S. and global economy far longer, it won’t end with a sudden burst of blue skies and it won’t lead to types of rebuilding efforts—there are no roofs to be reshingled—that have historically helped the economy bounce back from natural disasters.
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