FXH - COVID-19: Healthcare Is More Protected
The global response to the spread of COVID-19 has sparked an unprecedented decline in economic activity, and no industry is immune. However, the healthcare industry appears far more protected than most other sectors from coronavirus-related economic disruption.
A Spectrum of Impact
The healthcare industry is experiencing a spectrum of impact across its various subsegments.
The most negative impacts that we are seeing are among the consumer-facing healthcare businesses with services that are easily deferrable.
These include businesses that sell hearing aids, eyeglasses, and dental services. Revenues are dropping to zero or close to zero for