Oil, Fishing, Tourism: Alaska Economy Faces Triple Hit from Coronavirus

The U.S. state of Alaska is so far distant from the worst medical ravages of the coronavirus pandemic, but its economy is in critical condition. Alaska is especially vulnerable because it depends on oil, tourism and fisheries – basic industries that are reeling from the global coronavirus pandemic – and the state government gets most of its revenue from investment earnings that have now evaporated. “Alaska is experiencing a perfect storm, a most terrible trifecta, the hat trick from hell,” said state Senator Natasha von Imhof, co-chair of the Senate Finance Committee, at a hearing Saturday. “We are being hit on all sides with the stock market crash, oil prices plummeting and the tourism and fishing season all but idle.” >click to read< 09:04

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