U.S. federal social distancing guidelines were extended to April 30.
The Organization for Economic Cooperation and Development (OECD) estimates that COVID-19 will curtail output in developed countries by 20-25%, resulting in negative 6% GDP on an annualized basis if economic restrictions can be lifted in three months.
Canada’s central bank cut interest rates by 50 basis points to .25% on Friday and announced it will purchase assets in the open market to support the financial system.
The Securities and Exchange Commission (SEC) is giving companies an additional 45 days to make mandatory disclosures as companies struggle to assess the financial consequences and developing risks caused by COVID-19.
As COVID-19 spreads in Latin America, Brazil’s President said the country will prioritize the economy above fighting the illness.
Most of our clients surveyed remain in operation.
Our 3D Printing team reports that demand for filament has surged. The team is collaborating with its network of partners and clients to make needed safety gear for smaller health centers.
M. Holland is open for business, deemed essential and will continue to operate at full capacity. We have issued the following status statement:
In accordance with the guidance provided by the U.S. Department of Homeland Security Cybersecurity & Infrastructure Security Agency (CISA), M. Holland Company is considered a member of a critical infrastructure industry and will therefore remain operative. As such, with any necessary accommodations made to ensure the health and safety of our staff and business partners, we will continue to fully perform our normal business operations.
M. Holland Company
We will provide further COVID-19 bulletins as circumstances dictate. For all COVID-19 updates and notices, please refer to the M. Holland website.