On the supply side, the worst-case scenario has companies with fewer things to sell as factories shut down and workplaces dim the lights because workers are out on quarantine beccause of the coronavirus that emerged in China. On the demand side, companies see fewer customers because people are huddling at home instead of taking trips or going to restaurants. United Airlines has lost more than a third of its value since February 21 because many people don’t want to risk flying. The coronavirus outbreak has moved so fast that its impact has not yet shown up in any economic data across the US. Many economists still think the U.S. can avoid a recession, particularly if the disease is under control by the early summer.

Source: The Standard March 12, 2020 02:43 UTC