Demand Destruction Across the U.S. and Global Economies Portends Recession, or Worse

Don't believe anyone who tries to tell you that "demand destruction" resulting from the impact of the novel coronavirus across U.S. and world economies isn't going to result in a global recession. They don't know the facts. In fact, President Trump recently declared a state of emergency and as the virus spreads to all 50 states in America and infection rates around the world increase, demand in the U.S. and globally isn't just going to decline, it's going to be destroyed. If the coronavirus isn't corralled and eradicated in the next three months, the U.S. and world economies are headed for recession, according to economists. And if the virus isn't contained and killed off and infection rates haven't leveled off in six months, depression becomes a possibility. There are two separate demand effects to consider... Tags: economic data To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Demand Destruction Across the U.S. and Global Economies Portends Recession, or Worse appeared first on Money Morning - We Make Investing Profitable .