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The coronavirus (COVID-19) is impacting the global economy and raising fears of a recession. What causes a recession and what are the signs?

USA TODAY

When Stephanie Clark was temporarily laid off from her administrative job for the city of Henderson, Nevada, on March 10, during the depths of the COVID-19 pandemic, she was told she would be called back the next month.

In early April, she was again assured that she would be rehired the following month. But on May 1, with the city’s finances pummeled by the shutdown of neighboring tourist mecca Las Vegas, Clark was permanently let go.

Stephanie Clark (Photo: Rylee Jones)

“It was shocking,” says Clark, 55, who worked as a program director for the city’s department of economic development and tourism. “I was blindsided.”

The Trump Administration has depicted the coronavirus recession as a severe but brief shock, noting that the economy and