Covid-19 has many unknown factors which, like most pandemics, can impact the willingness to spend, invest and take risks.
Uncertainties usually bring economy to a halt due to complete shutdowns of small businesses, production losses and increased unemployment.
Longer term analyses show that with an effective vaccine, it potentially takes one year or two for an economic recovery. But even as businesses start to open up across states, the trail of disruption is longer than the road to recovery. Here’s an infographic of the financial impact and comparisons to the 1918 flu.