The pain for small businesses and banks is just starting

Restarting the economic growth will need considerable private sector injections of funds over a 3–5 year recovery cycle.

Thursday, April 29, 2020, the U.S. Department of Commerce reported that consumer spending dropped by 7.5% in March. The day before, the advance estimate for gross domestic product (GDP) for the first quarter of 2020, indicated a contraction of 4.8%.