skip to main content

COVID-19 Information and Guidance

The economic costs of social distancing

"Only the Great Depression would even be remotely close (to the losses this quarter) and I think this swamps that,” finance fellow John Diamond said of the economic costs of social distancing. “There’s been a shutdown of a pretty good part of the economy, and as that goes on that’s going to impact other parts of the economy. It’s a domino effect, and as we go from two to three months to three to four months and every month thereafter, it will get worse.”  Houston Chronicle: