Posted on Dec 1, 2020
Business closures due to COVID-19 could cost U.S. trillions in GDP
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Kind of what you'd expect but like with consultants it hits home when someone else tells you!
Business closures due to COVID-19 could cost U.S. trillions in GDP
Posted from news.usc.eduPosted in these groups: 
Economy
Coronavirus COVID19
Economy Coronavirus COVID19
Posted 4 y ago
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Well lose anywhere from 3-6 trillion over the next 2-4 years between pandemic loses, raise in taxes an inflation to try to stabilize the dollar an keep it competitive. Higher taxes will keep businesses from coming here from overseas an send over businesses elsewhere. Raise in inflation without increase in wages will cut spending back it will be an interesting decade to come.
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