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Dangerous Markets Ahead: Clairvoyance Required
In this month’s Municipal Strategy Report we discuss the impact of Covid-19 pandemic on global long-term economic growth. The magnitude of federal programs put in place so far suggests a commitment to do all that is necessary to keep U.S. economy afloat. But how effective can monetary and fiscal policies be if consumers will not return to work, fly on an airplane, or attend stadium events?
In our report we also analyze the impact of Covid-19 on U.S. commercial real estate market.