Beaulieu, principal of ITR Economics, addressed a number of Covid-19 related questions in an exclusive Woodworking Network webinar conducted on April 23. In the webinar interview with FDMC editor, Will Sampson, Beaulieu said a prolonged restart to the American economy will be especially harmful.
Prior to the Covid-19 pandemic, ITR had already forecast a recession for 2022-23. "The COVID-19 virus and the government's response here and around the world has taken all of that and brought it to today and made it much steeper than we would have had in 2022-23 because you just can't shut down businesses and tell people to stay home and not expect a massive economic impact."
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