US recession to last for longest time, quick rebound unlikely: Economists

The longest U.S. economic expansion has ended, said Gregory Daco, chief economist at Oxford Economics

Devastated by the coronavirus, the US economy is sinking. And the plunge is accelerating.

Now, as some businesses in a few states start to trickle back to work, hopes are beginning to rise that the economy, damaged as it is, might be poised to rebound by the second half of the year. If more employees and consumers were to gradually return to working and spending, the idea goes, the economy might be able to mount a sharp comeback.

Yet most economists have the same response: Keep such expectations in check.

Among their concerns is that the coronavirus could flare up