The Coronavirus Could in Fact Cause an Economic Recession

As the coronavirus continues to spread across the globe and dominate news headlines, there is no denying the economic impact.With people avoiding public places and large crowds, there is less shopping, less traveling, less event attendance and less dining out.

Consumer spending is dropping drastically and corporate America is feeling the effects. Big businesses like Coca-Cola,United Airlines, Mastercard and Apple have all reported decreases in sales. Many American companies are not only dealing with disruptions in their global supply chains but are now facing trouble on the sales front. While our economy is resilient, it’s hard to predict how Americans will react as this virus continues to affect more and more people.

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Also, Take the Recession Readiness Assessment to see where your business ranks and learn what you need to do to start safeguarding your business before it’s too late.