Now isn’t the time to focus on stimulus, says Adam Schwab. Instead, governments need to do everything in their power to stop the cause of the COVID-19 pandemic.
The government's stimulus package, especially the instant asset write-off threshold and up to $25,000 grant, will be helpful, but will not prevent closures.
The chaotic effects of the virus aren’t limited to financial markets and commodities. The virus is also affecting business operations across all industries.