AM Best: Recession Length Depends on COVID-19 Path (AM BestTV)

OLDWICK, N.J.--(BUSINESS WIRE)--In this episode of AMBestTV, Ann Modica, economist, AM Best Rating Services, said U.S. growth is expected to slow dramatically in second-quarter 2020, as is consumer spending, exports and other macroeconomic factors; however, economic reverberations of social distancing may be needed to slow the spread of COVID-19. “We basically need to cause a recession in order to curtail the spread of the disease," said Modica. Click on http://www.ambest.com/v.asp?v=covid19eco