COVID-19 Impact: Economic Forecasts Getting Grimmer
By Dan Kowalski
April 23, 2020
CoBank’s Knowledge Exchange division has just released its latest COVID-19 economic perspective by Dan Kowalski, vice president. In the video, Kowalski reports that economic forecasts are getting grimmer as the COVID-19 pandemic grows. The 2003 outbreak of SARS and the Spanish flu of 1918 had three peaks before cases permanently declined. The same pattern is very possible with the coronavirus. If that happens, we will see a W-shaped recovery, rather than a U-shape that is most often talked about now. The longer and shallower the recovery, the greater the fallout will be for individuals and businesses.
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