Coronavirus has produced a recession, says UCLA economist

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LA’s Grand Central Market with empty seating. Tourist and locals are avoiding the market due to coronavirus fears. Photo by Ted Soqui for KCRW.

To help curb the spread of COVID-19, Los Angeles is closing bars, nightclubs, theaters, music venues, gyms, and retail stores. The film and TV industry is frozen. Trade and tourism are down. What does this mean economically? 

Credits

Guest:
Jerry Nickelsburg - economics professor and director of the UCLA Anderson Forecast

Host:
Madeleine Brand

Producers:
Sarah Sweeney, Michell Eloy, Amy Ta, Alexandra Sif Tryggvadottir, Rosalie Atkinson, Brian Hardzinski, Angie Perrin