The coronavirus crisis will leave 3 long-term scars, even if the economy recovers in the fourth quarter, Pimco warns
April 07, 2020 at 12:27 PM EDT
The U.S. economy is in the midst of one of the deepest, most painful recessions the country has ever seen, but, as long as the pieces fall into place, it could also prove to be one of the shortest, according Pimco’s Joachim Fels.