Title

Bay Area Economists Weigh In On Whether U.S. Is Headed For Depression From COVID-19

Status

Faculty

School

School of Economics and Business Administration

Department

Economics

Document Type

Expert Opinion

Publication Date

5-10-2020

Publication / Event

KPIX-5

Description

Economics and Politics Professor Jack Rasmus weighed in on whether the country is headed for a depression from COVID-19.

OAKLAND (KPIX 5) — With new unemployment figures showing 20 million American jobs lost in the month of April alone, KPIX 5 asked two Bay Area experts to explain where the U.S. could be headed at this historic economic moment in time.

“We are definitely in a great recession,” said Dr. Jack Rasmus, a professor at St. Mary’s College. He added that it does not quite fit the criteria of a depression. Watch More.

Disciplines

Economics

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