Coronavirus could expose the hollowness of America’s boom

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A recession caused by illness might not be as bad as the crash of 2008. But the US is still highly vulnerable

Chaos on the stock markets, Europe in crisis, emergency interest-rate cuts from central banks – those with clear memories of the 2008 financial crisis and the crushing recession that followed could be forgiven a shudder of deja vu. But this time it is different – if not necessarily better.

 

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