3 U.S. states are more 'structurally vulnerable' to coronavirus than the rest
As the coronavirus outbreak and response continues, a new report reveals that Maine, Nevada, and Vermont are the most vulnerable states in America.
The report by Oxford Economics — which looked at 10 factors like trade openness, demographics, share of hospitality and tourism, retail, manufacturing, internet access, among other measures — found that among all 50 states, three states scored markedly higher in terms of structural vulnerability.
“A state like New York, which is currently the epicenter of the crisis, is actually less vulnerable to second-round hits in terms of economic activities,” Greg Daco, chief U.S. economist at Oxford Economics, told Yahoo Finance’s YFi PM. “But states like Florida, Maine, Vermont, and Nevada are highly susceptible to big drags on economic output and big employment losses because of this type of shock.”
The most vulnerable states “tend to have elderly populations … rely on retail activity … and have large number of small businesses,” the report stated.
https://finance.yahoo.com/news/coronavirus-us-states-125722698.html