Why Coronavirus Hit Michigan’s Economy Harder, Longer - News Summed Up

Why Coronavirus Hit Michigan’s Economy Harder, Longer


DETROIT—The growing economic crisis triggered by the pandemic is expected to last longer and hit harder in Michigan than in most places, as the state deals with the fallout of a severe coronavirus outbreak and ongoing dependence on manufacturing. Michigan’s economy tends to be more cyclical than the national economy, due to its heavy reliance on auto manufacturing, which has been completely closed. The big jump in Covid-19 cases compared with the rest of the country is compounding that impact—forcing the state government to...


Source: Wall Street Journal April 30, 2020 12:00 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */