U.S. recession can end late 2020 or in 2021 according to recent survey

A majority of economists say Congress should reinstate supplemental unemployment insurance benefits as the U.S. economy isn’t likely to emerge from the recession until later this year or at some point next year, according to a survey by the National Association for Business Economics. Most of them also support extending the Paycheck Protection Program for small businesses. Two-thirds of the respondents said the economy is still in the recession that began in February and almost 80% indicated that there is at least a 25% chance of a double-dip recession.

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