Coronavirus (COVID-19)Finance

Is the Next Recession on the Way?

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As the spread of COVID-19 has taken the world by storm, an increasing amount of businesses have been forced to shut down. The war against the virus is currently raging in the United States, where several states have issued stay at home orders while closing businesses and schools until the end of April.

The effects of COVID-19 can be felt at several levels, including family, business and unemployment. Last week saw millions of citizens apply for unemployment benefits, and that figure could grow further as the disease spreads. For all practical purposes, the global economy has ground to a halt.

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