Maintaining Business Relations
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Business Ideas Article
Coronavirus will likely hit these states hardest financially, according to Moody’s
Nevada is likely to be hit the hardest by the coronavirus outbreak, according to research compiled by Moody’s Analytics.
“If you’re getting hit hard now and businesses are failing, and there’s bankruptcy and people are taking on debt or starting to default on debt, it’s gonna be harder for those economies to recover,” Moody’s Analytics Chief Economist Mark Zandi told Yahoo Finance. “So the No. 1 criteria for determining who recovers more gracefully will be who gets hit least hard during this period.”
Zandi looked at six metrics: exposure to the COVID-19 (20%), demographics of the city and state (20%), trade and travel disruptions (20%), tourism (20%), finance (10%) and commodities (10%). The data, compiled on March 30, comes with a caveat: The virus is constantly evolving and spreading, making it difficult to pin down concrete numbers.
(Graphic: David Foster/Yahoo Finance)
Nevada and Hawaii were likely to face more
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