And yet there are private economists betting on a solid rebound as soon as people can get back to work. While US officials have expressed hope about a "V-shaped" recovery, with a sharp, rapid return to growth, private economists are more cautious given the uncertainty around the duration and severity of the pandemic. "We're getting the 'checkmark' not that classic V," Dynan told reporters, referring to the steep decline and gradual recovery. And we're going to have some setbacks," she said, while acknowledging that many of her Peterson colleagues disagree with her more upbeat view. But, a Treasury official told reporters, "I can say that we will certainly see a significant impact in the April numbers."

Source: Bangkok Post April 10, 2020 20:26 UTC