When the World Health Organization declared the Coronavirus an international public health emergency in late February, financial experts wondered how severe the economic consequences would be. They didn’t need to wonder for long, as the stock markets went into a tailspin just as the first cases of Coronavirus started to make headway in the States.
Media reporting went into overdrive, and the public’s fears of this unknown virus worsened. If it continues, consumer confidence may decline, trade may slow, and gains in economic growth may evaporate.
via My Mortgage Insurance Blog
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