By Sonal Desai, Ph.D., Chief Investment Officer, Franklin Templeton Fixed Income
With recent data showing a coronavirus-driven recession in the United States appears inevitable, the question for many investors is how long it will last. Sonal Desai, Chief Investment Officer, Franklin Templeton Fixed Income, weighs in on the differences between this one and other recessionary periods-and whether policymakers can engineer a recovery.
It is happening: US jobless claims went from almost nothing to about 10 million in the space of two weeks. Nonfarm payrolls plunged by 700,000 in March - they had been rising