UCLA Anderson Forecast Says U.S. Economy Is in “Depression-Like Crisis” and Will Not Return to Pre-Recession Peak Until 2023
Uncertainty Clouds California Economy; State’s Recovery Will Mirror That of the Nation In its March quarterly forecast, the UCLA Anderson Forecast revised its outlook for the U.S. economy downward because of the expected impact of COVID-19, which was then still being referred to as an epidemic. Two weeks later, as......