American Firms Foresee a Huge Negative Impact of the Coronavirus

Altig, David E.; Barrero, Jose Maria; Bloom, Nicholas; Davis, Steven J.; Meyer, Brent; Mihaylov, Emil; Parker, Nicholas B.

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American Firms Foresee a Huge Negative Impact of the Coronavirus

Abstract: The rapid unfolding of the COVID-19 pandemic has created grave concerns for the health and welfare of the U.S. population and the economy. The economic worries are very apparent in financial markets. From the closing bell on February 21 through March 20, U.S. equities fell more than 30 percent, and stock market volatility skyrocketed.

Keywords: COVID-19; Economic Conditions; Surveys;