John Tapogna Quoted About the Economic Impact of the Coronavirus

March 4, 2020

Electronic billboard showing stock prices

John Tapogna was recently quoted in The Oregonian about the possible impact of the coronavirus on Oregon’s local economy and global supply networks. John stated that the coronavirus has already changed the odds of a recession, in part because the coronavirus is creating doubt among consumers. “That alone could be enough to trip up the economy,” John said. “[Consumers] are less certain about their wealth at this moment. They are going to think twice before starting a remodeling project or making a substantial investment they might have been confident about two or three weeks ago.” Further, John said that if the pace of infection does not slow this summer then “hold on to your hat.”

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