Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — The COVID-19 pandemic continues to have devastating impacts on public health and the economies of the U.S. and many other countries. There is much uncertainty about the future impacts of COVID-19 but even in the best of circumstances, the economic impacts are enormous. Table 1 shows a range of estimates for changes in U.S. Gross Domestic Product (GDP) in 2020 and 2021. All of the estimates for 2020 are significantly worse than the 2.8 percent decrease in GDP in 2008, during the last recession. The 2020 U.S. unemployment rate…

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