According to the investment banking giant Goldman Sachs, the “scarring effect” from the coronavirus-induced pandemic recession has been “surprisingly limited,” and the “damage has so far been much less than initially feared.”
Key quotes (Source: ZeroHedge)
Labor demand has rebounded much more quickly than the last cycle, reducing the risk of widespread, long-term unemployment.
Most of the remaining job losers are either still on temporary layoff or are in industries that should largely recover with a vaccine.
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