Covid-19 Shutdown Continues, Economic Damage Done Yet To Be Realized

One of the few things we know here in the U.S. is that unemployment is skyrocketing. The many unknowns include…

by David Morgan of The Morgan Report

Global Shutdown Continues | www.themorganreport.com

As the COVID-19 shutdown continues worldwide, the damage to global economies has yet to be realized. How much damage the shutdown does to each country’s economy can only be guessed. One of the few knowns here in the U.S. is that unemployment is skyrocketing. The many unknowns include but are not limited to how many mortgage defaults will be seen, how many small businesses will be reduced in size or disappear, the number of corporate bankruptcies we will see, how many people will be driven into homelessness and how long will the overall damage to the economy will last.

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