Coronavirus to have “far-reaching” economic impact
Northwestern University finance professor available for comment on impact to the markets
The Dow Jones Industrial Average continued to slide Friday, falling more than 1,000 points on the heels of Thursday's historic sell-off. There are ongoing investor concerns over the spread of the coronavirus, causing the market to suffer its worst week since the 2008 financial crisis. Northwestern University professor Phillip Braun believes the economic impact could be far-reaching.
Braun is a clinical professor of finance and associate chair of the Finance Department at Kellogg School of Management at Northwestern. He specializes in the study of emerging market economies and financial markets. Braun can be contacted by reaching out to Molly Lynch at 773-505-9719 or molly@lynchgrouponline.com.
Quote from Professor Braun:
"Given the recent pronouncements by the CDC, at this time, U.S. companies need to plan for the possibility of a pandemic. It isn't clear yet what the implications will be, such as if layoffs will be needed. If this is a global pandemic, the economic impact will be far-reaching."