Short-Sharp-and-Spotty

Short, Sharp and Spotty: What To Expect From The Coronavirus Recession And How Community Banks Can Help

It’s official — the U.S. economy is in full-swing recession. While formal confirmation by the National Bureau of Economic Research is always appreciated, the signs were pretty obvious: social distancing grinding business activity to a near halt, skyrocketing weekly unemployment claims at both a state and national level and, of course, market volatility erasing three years’ worth of gains in a matter of weeks.