UWM - Estimating The Economic Impact Of The Stock Market Crash
I'll keep this article short. Based on academic research, the recent stock market crash could decrease U.S. GDP by 1.70% to 3.90%, salaries by at least 2.80%, and hours worked by at least 1.20%, as reduced consumer spending from households with significant equities holdings reduces corporate sales, revenues, and income, leading to reduced production, investment, and employment. Although these effects pale in comparison with those of the coronavirus outbreak as a whole, with several analysts forecasting unemployment of 30%, these are still relatively large and would cause a recession half as bad as the