Coronavirus could drive the US economy into recession, ex-Fed chief Janet Yellen warns
"It's just conceivable that it could throw the United States into a recession," the former central-bank boss said.
"It's just conceivable that it could throw the United States into a recession," Yellen said at a Brookings Institution event in Michigan,Coronavirus — which causes a disease called COVID-19 — has, killed north of 2,800, and spread to upwards of 40 countries. It has caused cities to lock down, forced factories and stores to shut, and deterred travel, shopping, and other economic activities.
"If it doesn't hit in a substantial way in the United States, that's less likely," she said, according to Bloomberg."We had a pretty solid outlook before this happened — and there is some risk, but basically I think the US outlook looks pretty good."
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