New study: Coronavirus could hold economy back for decades

A recent study predicts that the coronavirus pandemic could hold the economy back for decades due to a lack of risk-taking and decreased economic output.The study, conducted by the Federal Reserve Bank of St. Louis, forecasts that the pandemic has incited fears that could reduce risk-taking behaviors by boosting the “perceived probability of an extreme, negative shock in the future.”The research was released at the Federal Reserve Bank of…