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Economist: Contractors should prepare for a coronavirus-triggered recession

“The risk of recession over the next three to six months is arguably more elevated than at any period since 2007,” said economist Anirban Basu, noting that the U.S. economy has been defying predictions in an extended period of growth that’s seemed too good to be true for some time.

“I knew this period of fragility would leave us susceptible to a trigger,” he told his audience, “but I didn’t know what that trigger would be. Now we know.”

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