#2033: Sonoma State Economics Professor Shares Impact of Coronavirus on Domestic and Global Economy...

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Sonoma State University Economic Professor and Redwood Credit Union Board Member Robert Eyler joins us on the show to share his insights on how the Coronavirus will impact our domestic and the global economy as this pandemic spreads across our planet. Robert says the closest scenarios we can relate it to is the fallout from 9/11 and the H1N1 virus. Other than those situations, we're in uncharted territory here.

He also talks about how the virus could spark a recession earlier than anticipated -- although, it's unlikely because the U.S. economy is still pretty strong at the moment. But he maps out three scenarios that could sway the economy in various directions as the Coronavirus situation evolves.

Lastly, he connects the dots on how credit unions can be a solid financial resource for members who have questions, need help in providing the necessary services to get through this time of uncertainty. Robert also provides some advice for consumers on what to do in the meantime -- don't panic but have a plan.

Check it out and let us know your thoughts -- and what your organization is doing to help.

​Dr. Robert Eyler is Dean of the School of Extended and International Education at Sonoma State University. Dr. Eyler is Professor of Economics and Director of the Center for Regional Economic Analysis at Sonoma State University, where he has been teaching since 1995. He earned a Ph.D. from the University of California, Davis in 1998. He earned a B.A. in Economics at CSU, Chico in 1992. Dr. Eyler also serves on the board of directors of Redwood Credit Union, a $2.3 billion nonprofit financial cooperative.