Studies estimate that the economic recession spawned by government-mandated “shutdowns” in the name of coronavirus safety could result in suicide rates thirteen times higher than deaths caused by the virus itself.

A study published by Goldman Sachs on Monday calculated the unemployment rate could rise from 3% to 15% over the next few months.

Authored by economist Jan Hatzius, the new report titled “The Sudden Stop: A Deeper Trough, A Bigger Rebound,” forecasts the unemployment rate rising 12% by midyear.

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