From the Key Takeaways: " States representing 95 percent of the economy are subject to state-wide public health-motivated shutdowns to fight COVID-19 [coronavirus disease 2019].  An eight-week shutdown could raise the unemployment rate to as much as 23 percent and decrease economic output by as much as $2 trillion (about 9 percent).  Policymakers should consider the economic and public health costs of severe slowdowns when determining the breadth of shutdown orders."
Backgrounder No. 3489
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