The inevitable result of measures taken to "flatten the curve" and prevent a major spike in coronavirus infections has been a strong shock to the economy. As noted in a recent report by The Perryman Group related to COVID-19's impact on the US economy, many factors will determine the ultimate effects of the coronavirus on the economy, most of which are highly uncertain at present.
The disruptions caused by the coronavirus are wreaking havoc on individuals, families, the private sector, the public sector, the health care system, and the economy and society as a whole. In order to "flatten the curve" and prevent a major spike in infections, drastic measures have been taken. The inevitable result has been and likely will continue to be a strong shock to the economy.