PNC, Wells Fargo expect Florida’s hot economy to cool amid efforts to control Covid-19

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    Even while the temperatures outside heat up, containment efforts for Covid-19 coronavirus are putting a chill on Florida’s economy.

    Economists from Wells Fargo Securities and The PNC Financial Services Group weighed in with separate reports on the likelihood of a recession and other fallout as state and local officials impose restrictions on restaurants, bars and beaches, and as sporting events are cancelled or postponed.