2 Coronavirus Recession-Resistant Stocks to Consider Buying Now
As of Friday, the COVID-19 coronavirus pandemic has caused the S&P 500 index to plunge nearly 25% since reaching its all-time high on February 19. Investors are naturally concerned that the fallout from the crisis will sink the United States into a recession, which will probably become known as the "Coronavirus Recession."
Given that our country's economy has come close to a grinding halt, it seems inevitable that a recession is on the near-term horizon. The only questions seem to be how deep and how long it will be.
Claudia Sahm, a former Federal Reserve principal economist who is an expert on recessions, is projecting a deeper downturn than the Great Recession, according to The Washington Post. However, the good news is that she believes that it "might not last as long if policymakers act boldly," writes the same source. The Great Recession lasted for 18 months, from December 2007 to June 2009.
Source Fool.com
