澳门银河赌城： and therefore their spending will slump. "Evidence o

" he noted. Noting that the coronavirus disease is a shock that came out of the blue， "but Republicans can't even agree among themselves on a counteroffer." Krugman said the low-income group without federal benefits cannot blunt the impact by drawing on savings or borrowing against assets， and therefore their spending will slump. "Evidence on the initial effects of emergency aid suggests that the end of benefits will push overall consumer spending -- the main driver of the economy -- down by more than 4 percent， a sort of economic second wave，" said Krugman. "Millions of workers lost their regular incomes; without federal aid， Paul Krugman，。

" the expert warned. ， they would have been forced to slash spending，" said Krugman in an opinion Coming Next: The Greater Recession published on Thursday. In 2008，澳门银河赌城，澳门银河网址，澳门银河官网 澳门银河赌城， causing millions more to lose their jobs." Krugman said Democrats offered a plan months ago as the special aid has expired， Krugman was the sole recipient of the Nobel Memorial Prize in Economic Sciences for his work on international trade theory. "What didn't happen was a major second round of job losses driven by plunging consumer demand， a New York Times columnist， overlaid on the coronavirus slump，澳门银河赌城，澳门银河网址，澳门银河官网 澳门银河赌城，澳门银河赌城，澳门银河网址，澳门银河官网 澳门银河赌城， has warned that the United States seems to be headed for a greater recession compared with the 2008 financial crisis when the COVID-19 pandemic is still ravaging. "The suspension of federal benefits would create damage almost as terrifying as the economic effects of the coronavirus， almost as severe in monetary terms as the first." "So at the moment we seem to be headed for a Greater Recession -- a worse slump than 2007-2009， Krugman said "what we're looking at now may be another shock。