Concerns over slower global economic growth due to the spread of Coronavirus Disease 2019 (COVID-19) have led to a precipitous decline in stock prices and bond yields. Many are relating the stock market decline to the potential severity of an economic slowdown, concluding that a global recession is in the offing.

While it may be too early to make that assumption, Johnson Financial Group’s Brian Andrew, Ron Alberts and Jason Herried discuss our current economic state, including the following considerations:

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