How the economy goes the balance of 2020 will be determined by a few "wild cards" – not the least controlling the coronavirus outbreak that has impacted consumer behavior and altered government policy.

So says the "JLL Note: 2Q 2020 Economic Outlook" with analysis from JLL chief economist Ryan Severino.

Some key takeaways from the most recent quarterly JLL report:

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  • The pandemic has radically altered the trajectory of an economy that was already starting to lose steam.
  • The country is facing the worst recession in roughly 75 years.
  • Commercial real estate faces challenges even in an upside scenario.

When COVID-19 hit and spread at an alarming rate, governments quickly started shutting down businesses to slow the spread and consumers began opting out of purchasing many goods and services due to health concerns.

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Suzette Parmley

Trenton Correspondent who covers the N.J. Supreme Court, Governor, Legislature. She also contributes to The Legal Intelligencer and law.com. Suzette joined New Jersey Law Journal in Jan. 2019 from the Philadelphia Inquirer where she was a former Trenton Statehouse Correspondent and Business Reporter/Columnist. Awards: 1st Place for 2020 coverage of NJ Supreme Court; 2019 Specialized Writing Category, 5-time winner of the Business Financial Writing Portfolio Award from the New Jersey Press Association. Graduate of the Fels Center of Government/University of Pennsylvania. Email: [email protected] or follow on Twitter: @SuzParmley

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