Nobel Prize-winning economist Joseph Stiglitz says US unemployment could reach 30% before the coronavirus outbreak wanes — and warns of systemic issues that could make any recovery slow and painful

· Unemployment could easily reach 20% or 30% as the coronavirus forces mass layoffs, according to Nobel Prize-winning economist Joseph Stiglitz.
· When the pandemic subsides, Stiglitz expects the US to bounce back from the extremes of unemployment, but does not expect a robust economic recovery. 
· He points out that a...