Economic growth in the U.S. will contract by 8.5% if there is a “double hit” of the COVID-19 pandemic. This compares to a 7.3% contraction in a “single hit” scenario, according to the Organization for Economic Cooperation and Development (OECD). The difference between the single and double hit scenarios is approximately another $254 billion removed from the U.S. economy.

Read More:

• https://www.oecd.org
• https://www.cnbc.com/2020/06/10/oecd-economic-outlook-global-economy-to-contract-by-up-to-7point6percent-in-2020.html