Coronavirus recession may already be here, market strategist says
Recession fears not overblown: Economist
TS Lombard chief U.S. economist Steven Blitz discusses the economic impact of coronavirus.
There’s a 50 percent chance the fallout from the coronavirus outbreak will drive the United States into a recession this year, according to BNY Mellon Chief Strategist Alicia Levine.
Continue Reading Below
“We’re probably headed towards one in the month of March, certainly by the second quarter,” Levin told FOX Business' Gerry Baker on WSJ at Large. “Some people think we’re here already.”
WHAT TRIGGERS AN ECONOMIC RECESSION?
The bigger concern, Levine explained, is how long it will last.
“The question is, do you have an entire year which is in recession?” she asked. “We think that’s actually less of a chance because we see a bounce back starting in the second, third, fourth quarter of this year.”