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Economic analyst Hank Fishkind says the national, state and local economies are in freefall due to the pandemic.

He tells 90.7’s Nicole Creston that it’s likely to be a sharp- but short- recession.

“This is a unique recession,” he says.

“It’s the first one ever to erupt from a downturn in services.”

Fishkind says “massive and timely” government intervention at the federal, state and local level has prevented a banking and financial collapse.

“Certainly, Orange County stepped up with relief for renters. The state is doing everything it can. The federal reserve has done a marvelous job preventing a complete financial sector collapse last week.”