# Professor Viral Acharya is quoted in a story comparing government assistance programs for workers during the coronavirus pandemic in the U.S. and Europe

1 Faculty News May 22, 2020 ![U.S. News and World Report logo](/sites/default/files/styles/246w/public/assets/images/con_030501.jpg?itok=1EF-s0wb)>

Excerpt from [U.S. News](https://www.usnews.com/news/best-countries/articles/2020-05-22/europes-government-programs-aim-to-speed-recovery-from-coronavirus-recessions) -- "Adds [Acharya](https://www.stern.nyu.edu/faculty/bio/viral-acharya): 'It's possible this may not just be \[a\] phenomenon of three months.' Indeed, new estimates from the European Commission predicted the EU economy could shrink by 7.4% this year, compared to previous predictions of 1.2% growth."

[Read More](https://www.usnews.com/news/best-countries/articles/2020-05-22/europes-government-programs-aim-to-speed-recovery-from-coronavirus-recessions)