The April jobs report laid bare the economic impact of the coronavirus pandemic. Five market experts weigh in on what this means for the U.S. economy moving forward.
Kate Moore, head of thematic strategy for BlackRock's Global Allocation investment team, says investors should turn their focus to the composition of the economy rather than its size.
"I think we could be back to the same level of GDP by late 2021 or early 2022. That's not a good news story, and it could well be worse. What we need is government intervention to continue. ... We've got to focus on the public health aspects first, the testing and tracing, and then see what it needs to be for a gradual reopening. And that's probably going to require continued support for businesses and employees during that period of reopening.
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