We have to take the word of economists at the National Bureau of Economic Research, who have been making that call for a hundred years.
Post-lockdown spending sprees are looking a lot less likely.
During the Great Recession, about 20% of companies scaled back matching funds.
As unemployment climbs, it gets harder for the economy to come back.
Reforms after the financial crisis haven't brought dramatic change.
Mayor Hillary Schieve said playing on the region's strengths and diversifying its economy helped revive the struggling, post-recession city.
No, it's not because of social media or politics.
Back then, the economy was struggling its way out of recession. Now? Not so much.