Economists who closely follow the transportation and trucking industry say the next month will be critical as to whether the economy avoids a recession in 2020 as concerns over the spread of the coronavirus mount.
The week of Feb. 24 was the worst for the Dow since the 2008 financial crisis, losing more than 12% of its value. The Dow fell more than 3,500 points, its largest weekly point loss ever.
Economist Noel Perry with Transport Futures told Transport Topics the spreading virus is the type of unplanned event that can derail an economy.
“One reason we get recessions is shocks, external shocks. Things like banking failures, oil price increases, political or health
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