Post by Admin on Apr 4, 2020 16:23:15 GMT -7
Coronavirus will likely hit these states hardest financially, according to Moody's
Yahoo Finance reports:
"Nevada is likely to be hit the hardest financially by the coronavirus outbreak, according to research compiled by Moody’s Analytics.
“If you're getting hit hard now and businesses are failing, and there's bankruptcy and people are taking on debt or starting to default on debt, it's going to be harder for those economies to recover,” Moody’s Analytics Chief Economist Mark Zandi told Yahoo Finance. “So the No. 1 criteria for determining who recovers more gracefully will be who gets hit least hard during this period.”
Read the full story here.
"Nevada is likely to be hit the hardest financially by the coronavirus outbreak, according to research compiled by Moody’s Analytics.
“If you're getting hit hard now and businesses are failing, and there's bankruptcy and people are taking on debt or starting to default on debt, it's going to be harder for those economies to recover,” Moody’s Analytics Chief Economist Mark Zandi told Yahoo Finance. “So the No. 1 criteria for determining who recovers more gracefully will be who gets hit least hard during this period.”
Read the full story here.