Local Leaders Discuss Coronavirus And Its Impact On The Economy
Published: March 2nd, 2020
By: Zachary Meseck

Local leaders discuss coronavirus and its impact on the economy (Photo by Zachary Meseck)

NORWICH – As part of Commerce Chenango’s Annual Outlook Breakfast sponsored by NBT, a presentation was made Thursday on the U.S.’s growing economy, and to what extent coronavirus will impact it.

According to Commerce Chenango CEO and Executive Director Kerri Green, the event is part of Commerce Chenango’s push towards educating and providing networking opportunities to business partners.

NBT Senior Vice President and Chief Investment Officer Kenneth J. Entenmann was the main speaker of the forecast, and during the event he said while coronavirus will negatively affect global supply chains, the United States economy is strong, and should be able to withstand any impact.

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“The global markets are roiled by the fears of coronavirus,” said Entenmann. “Particularly concerning to the markets is the spread to South Korea, Iran and now Italy.”

“The market’s reaction to the news has been swift; a significant flight to quality trade. The Dow Jones Industrial Average opened down nearly 900.”


The Evening Sun

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