"'This is unprecedented. This is a public health crisis morphing into a giant economic crisis,' David Shulman, senior economist at UCLA Anderson Forecast, tells GlobeSt.com. 'We are going to see massive layoffs, a record drop in quarterly GDP in the second quarter. The solution is more of a medical question than an economic question. You have to look at this as a public crisis that is giving a bog shock to the economy.'"
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