https://www.siliconvalley.com/2020/03/17/coronavirus-the-bay-area-is-likely-headed-for-a-recession-how-bad-could-it-get/

The Bay Area, long one of the world’s mightiest growth engines, could be headed for a coronavirus-induced recession, as shelter in place orders shutter stores and bars, construction grinds to a halt, and the tourism and hospitality industry all but disappears.

This week, UCLA Anderson Forecast issued its first revision to its quarterly report in its 68-year history. Despite a strong start to the year, it’s now predicting two quarters of negative economic growth nationally — enough to be considered a recession — and for the economy to take until 2022 to be fully recovered. California, according to the forecast, will be harder hit, with a projected 280,000 jobs lost in the state. And that’s not even accounting for the shelter in place order imposed on Monday throughout the Bay Area.