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Pandemic Shutdowns Actually Helped Economic Growth in 1918 Flu

  • Measures a century ago resemble steps to slow coronavirus
  • Trump has called for U.S. economy to ramp back up by Easter
Nurses care for victims of the influenza epidemic in Lawrence, Massachusetts in 1918.
Nurses care for victims of the influenza epidemic in Lawrence, Massachusetts in 1918.Source: Getty Images/Hulton Archive

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Coronavirus containment measures that force economies to slow down or halt may ultimately be better for economic growth than laxer efforts, according to Federal Reserve researchers who analyzed the 1918 influenza pandemic in the U.S.