Economic Impact of COVID-19

The spread of the COVID-19 novel coronavirus around the world has been fast and dramatic. With the global death toll now over 17,000 and still rising, the effect it has had on the economy and the public is devastating. A global recession now appears unavoidable. For those of us who have witnessed a few recessions in our lifetime, the speed at which this is happening is unprecedented. In many ways, we are seeing the same events as with any recession, but the time frame in which they are occurring is significantly condensed.