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Market Update

The Six Sectors Most Impacted by COVID-19

August 17, 2020

Originally published by David Allison of the Atlanta Business Journal on July 23, 2020:

Synovus Financial Corp., the largest bank headquartered in Georgia, set aside $142 million for credit losses reflecting "significant economic stress due to the COVID-19 healthcare crisis." The six sectors it sees the most distress in the near future are the hotel; non-grocery anchored retail shopping centers; restaurants; retail; arts, entertainment, and recreation; and oil-related sectors.

Image Source: Photo by Marten Bjork on Unsplash.

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