Mark Zandi: The U.S. Economy Won't Recover Until We Have a Vaccine or Treatment
Mark Zandi is the chief economist of Moody's Analytics. He spoke with Kiplinger's Anne Kates Smith in a series of interviews March 26-27. This is an edited transcript of their conversations.
What's your outlook for the economy? How deep a recession do you see?
It's going to be a struggle between now and this time next year. We're in the teeth of the downturn now. We expect gross domestic product to have fallen 2% to 3% in the first quarter and to fall close to 20% in the second quarter--18.7%, to be precise. I'm assuming
