Q1 2020 Economic Update: The Coronavirus and the U.S. Economy
At the start of 2020, surveys of small business confidence have remained elevated. However, the prospect of a coronavirus outbreak has introduced major uncertainty into Main Street's economic outlook. The recent rate cuts by the Fed could help blunt some of the negative economic consequences, but it is unclear whether looser monetary policy can boost economic growth if people become increasingly fearful for their health. While Main Street financial stress currently remains in check, small businesses may face challenges as concerns of the coronavirus mount.
Keybridge Founder and President Dr. Robert Wescott and Vice President Jeff Jensen return by popular demand to present our first quarterly economic update webinar of 2020, moderated by PayNet GM & SVP Bill Phelan. They offer their insights on how economists are viewing the economic, financial, and political effects of a potential pandemic—and the implications for credit markets. Based on the latest global data and other indicators, they reveal what they see as the biggest threats to Main Street.
Don't miss this opportunity to hear straight from the experts on the market impact of coronavirus—and what it means for your organization.