Bay Area Economists Weigh In On Whether U.S. Is Headed For Depression From COVID-19
School of Economics and Business Administration
Publication / Event
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.
(Faculty, School of Economics and Business Administration) Bay Area Economists Weigh In On Whether U.S. Is Headed For Depression From COVID-19 (2020). KPIX-5. [expert_opinion].