Bob Rauch, R.A. Rauch & Associates
NO: Most likely, based on results of SARS in 2003 and other pandemic events, the impact will be tens of billions of dollars per year but not enough to throw a strong U.S. economy into recession. The bottom-line result of coronavirus will likely be enough to reduce GDP by 0.1-0.2 percent. Naturally, certain businesses will suffer more than others. Travel and tourism take the biggest hit but pharmaceuticals may actually improve.
Read full article by Phillip Molnar here.
We will update the impact of the Coronavirus in our next issue as we believe it will be contained within 30 days.
