Coronavirus, Markets and Economy Weekly Talking Points – April 20, 2020

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Written by Debra Taylor

“This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis.” – IMF April 14, 2020

COVID-19 Summary

  •  The US currently has 730,000 cases, with between 25,000 and 30,000 new cases each day
  • US deaths will surpass 40,000 this week (Source: Wall Street Journal)
  • The main cause of uncertainty with COVID-19 is that it is difficult to know how many people have been infected, if they can be reinfected, and there is no cure, treatment or vaccination
  • There are 2.3 million cases worldwide
  • Many now believe that we will not have an effective recovery until there is widespread and accurate testing, a cure and a vaccination (the latter which could take twelve months)

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