- It seems reasonable to assume that the coronavirus outbreak is morphing into a global pandemic and that the US will not be spared from community spreading.
- This will compound the economic damage already washing up from abroad through domestic disruption and worsening business and consumer confidence.
- Stimulus will be of little help as much of it is a supply issue and rates are already very low.
- We therefore think a recession is likely.
A Recession Is Looming
March 3rd, 2020 · No Comments