The places a COVID-19 recession will likely hit hardest

2020-03-23

At first blush, it seems like the coronavirus pandemic is shutting down the economy everywhere, equally, with frightening force and totality. In many respects, that’s true: Across the country, consumer spending—which supports 70% of the economy—is crashing in community after community, as people avoid stores, restaurants, movie theaters, offices, and other public places. Already, the layoffs have begun, with reports coming in from both big cities including Seattle and Atlanta as well as small heartland towns.

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Posted by: Pat Monks