LOS ANGELES (CNS)—The COVID-19 pandemic could result in net losses from $3.2 trillion up to $4.8 trillion in gross domestic product (GDP) over the course of two years, according to a University of Southern California (USC) study released Nov. 30.
USC economists project that a best-case scenario for the United States hinges on whether initial mandatory closures and social distancing measures were sufficient to control the rise in COVID-19 cases. In a worst-case scenario, infections would ramp up considerably after businesses reopen, triggering another round of closures.
