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

Credit: Business Insider- Published on March 27, 2020
· 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...

Video credit: CBS4 Miami
Published on March 26, 2020 -  04:19
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