Seattle Area Braces For Long-Term Economic Impact Of Coronavirus

[Yo_Mama_Been_Loggin]

SEATTLE, WA — An economic forecast released Tuesday by the Seattle City Budget Office predicts widespread, long-term impacts on jobs and revenue in the wake of the coronavirus crisis in Washington.

"The COVID-19 pandemic has become one of the most consequential and transformative events of our lifetime," Seattle Mayor Jenny Durkan said. "As we expect the public health crisis to continue in our region, we know the impact on our workers, small businesses, non-profits and artists will be felt deeply for months and years to come."

Seattle's report, which also considers regional impacts for King and Snohomish Counties, shows projections for two scenarios: a rapid recovery and a slow recovery.

Both possibilities include high levels of unemployment across the region and impacts on the city's budget well beyond 2020. This year, Seattle expects a revenue shortfall between $210 and $300 million.

https://www.msn.com/en-us/news/us/seattle-area-braces-for-long-term-economic-impact-of-coronavirus/ar-BB130hax?ocid=hplocalnews

[LisaM]

1. Workers, small businesses, non-profits and artits. Oh, phew, only them.

Fear not, Amazon will be fine.