More and more information is coming out relating to the financial meltdown association with the recession of 2020 - the specific news of the day has to do with Chesapeake Energy Corp. (NYSE: CHK) moving into the "Bankruptcy Countdown," and BP PLC (NYSE: BP) who is writing down assets by $17.5 billion.
Although companies are facing their own individual and industry problems, the coronavirus pandemic has put additional pressure on these organizations due to the substantial slowdown in economic activity.
My purpose here is to trace the macroeconomic impacts taking place at