The pandemic's 2nd phase could have a worse psychological impact, Nobel Prize-winning economist Robert Shiller warns
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Nobel Prize-winning economist Robert Shiller says a second wave of COVID-19 could cause more damage to the national psyche than the first outbreak. The US reported a record 60,000 new cases of COVID-19 on Wednesday.
Nobel Prize-winning economist Robert Shiller argued a second peak in infections could have a more negative impact on the American psyche than the first bout, especially if the virus prevents states from reopening.on Tuesday , the Yale University professor said: "Looks like we might be entering a second phase. There might have to be closures again."Shiller's comments come as COVID-19 cases have taken off across several US states including Atlanta, Florida, and Texas.
In the same interview, he cautioned against automatically assuming a booming stock market will translate into an economic recovery, as aggressive stimulus measures by the US Treasury and Federal Reserve in response to the pandemic have boosted share prices.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stark racial disparities emerge as families struggle to get enough foodNearly 4 in 10 Black and Hispanic households with kids are struggling to feed their families during Covid — a dramatic spike that‘s exacerbating racial inequities and threatening the health of millions
Read more »
How a 36-year-old booze business owner grew sales during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
How to Stop Your Pandemic NightmaresYou're not the only one having bad dreams during the pandemic.
Read more »
I Opened My Dream Salon, Then COVID-19 Shut It DownBusiness owner Niá Pettitt opened up about how she’s finding peace of mind during the pandemic.
Read more »
Levi's to cut 700 jobs in response to the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Covid-19 Coronavirus Won’t Be Last Or Worst Pandemic, How To Stop Panic-Neglect CycleThe Pandemic Action Network has put forth recommendations on how to prevent the next pandemic.
Read more »