Skip to content
Subscriber Only
Markets
Economics

New Normal 2.0 for U.S. Economy Looks Awful, Long, Perilous

  • Companies, consumers to build buffers for just-in-case economy
  • Coronavirus crisis will leave economy with long-run scars
A worker wearing a protective mask stands behind a plastic shield in Woodstock, Georgia, on April 27, 2020.
A worker wearing a protective mask stands behind a plastic shield in Woodstock, Georgia, on April 27, 2020.Photographer: Dustin Chambers/Bloomberg
Updated on

Get ready for the New Normal 2.0 -- or, more appropriately, 2-point awful.

The U.S. economy post-Covid-19 will look a lot like the one that struggled to recover from the 2008-09 financial crisis –- only in some ways worse.