North America Macroeconomic Update: Coronavirus Clouds the Outlook
DBRS Morningstar released its quarterly macroeconomic update for North America, discussing the uncertainty surrounding Coronavirus and its potential effects on the United States and Canada. Economic data through end-2019 and the first two months of 2020 was fairly robust, particularly in the United States. Provided that the spread of coronavirus can be contained within a relatively short period of time, the economic damage may be limited. However, early signs suggest this will be a significant challenge and risks are tilted toward the downside.
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