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Wharton’s Jeremy Siegel sees a ‘short, quick recession’ due to the coronavirus

March 2, 2020


Wharton School finance professor Jeremy Siegel said the U.S. could suffer a near-term recession because of the negative economic impact from the fast-spreading coronavirus.

“We could really have a short, quick recession,” Siegel said on CNBC’s “Squawk Box.” “There’s a lot of uncertainties.”

The confirmed cases of coronavirus infections in the U.S. have climbed to 88 as of Monday. Health authorities in Washington confirmed a second death in the U.S. Meanwhile, New York State and city officials confirmed Manhattan’s first coronavirus case.

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