The quick changes to life as we know it due to the coronavirus pandemic have caused immense uncertainty in all aspects of life. In a recent guest article for Sedona Red Rock News, Financial Planner Bill Kelso explains why many economists predict a larger impact on our economy than previously expected, while also highlighting why a quick recovery may be likely.
Bill discusses how, while economic impacts can be steep, event-driven recessions typically don’t last long and often are followed by rapid recoveries. Still, he cautions, no two situations are the same. But considering the strength in the U.S. economy prior to the pandemic, aggressive action and policies from the federal government should help lessen the fallout. Bill also encourages consulting with a financial advisor to seek some peace of mind during these uncertain times.