Economic Impact of COVID-19 on Industry

Posted on June 9, 2020, Updated December 25, 2020Categories Featured News   Leave a comment on Economic Impact of COVID-19 on Industry

The impact of COVID-19 (coronavirus) on the economy will be longstanding. Broad-based unemployment (both temporary and permanent), a drop in consumer confidence, and lower business spending have caused ended the longest economic expansion in American history. However, the impact of COVID-19 has been felt differently in various industries. Just as 70% of Americans have less than $1,000 stashed away for emergencies, many businesses were unprepared for the pandemic and the government measures to slow its spread. As a result, many … Continue reading “Economic Impact of COVID-19 on Industry”