Both the depth and the duration of the economic downturn are extraordinarily uncertain, and will depend in large part on how quickly the virus is brought under control. People are putting their lives and livelihoods on hold at significant economic and personal cost. All of us are affected, but the burdens are falling most heavily on those least able to carry them. This is an exogenous event that, you know, just, it happened to us. It wasn’t because there was something wrong with the economy.

Source: New York Times April 29, 2020 17:11 UTC