How badly could the new coronavirus hurt Arizona's economy?

The outbreak of COVID-10 has already hit Arizona's economy,
leaving lawmakers, economists and residents to wonder how bad this
could get and how much longer the downturn will last. Two weeks
ago, Arizona's unemployment insurance website crashed after it was
overloaded by 30,000 people filing for unemployment for the
first time. This was eight times the amount of people who had filed
the previous week. In a two-week time span, more Arizonans applied
for unemployment than during an entire year of the great recession.
While local industries such as construction, grocery
stores and some trucking companies have seen minimal impact,
industries foundational to Arizona like tourism and
recreation, which typically flourish in the spring, are
struggling.  In this week's episode of The Gaggle, an Arizona
politics podcast, business and economy reporters Russ Wiles and
Ryan Randazzo share some of the key factors economists are studying
to better understand when Arizona might recover and how
badly it could suffer.  Follow Russ Wiles on Twitter:
@azmoneynews Follow Ryan Randazzo on Twitter: @utilityreporter
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