, Columnist
Recession Forecasts May Not Be Pessimistic Enough
Getting out of this without a depression could be an accomplishment.
A vision of our past and future.
Photographer: Karen Ducey/Getty Images North AmericaThis article is for subscribers only.
This is Bloomberg Opinion Today, a New Deal of Bloomberg Opinion’s opinions. Sign up here.
Way back on March 6, when dinosaurs ruled the Earth, Bloomberg Businessweek’s Peter Coy suggested we might already be in a coronavirus recession. Some sniffed this was too pessimistic. The risk now is this prescient column didn’t go far enough.