SALT LAKE CITY-With the stock market having suffered its worst quarterly performance since the Great Depression, financial experts say this is “unheard of” territory for the economy at the moment.

University of Utah visiting professor Dean Baker said there’s no way an economy can be prepared when it has been shut down for two months, regardless of how strong it may have been previously.

April unemployment numbers will also likely be unprecedented, predicated upon the magnitude of what has occurred.

Federal and state governments are each trying to assist in any way they can. Measures taken by governments to rectify things include loans for businesses, potential debt and mortgage relief and promising a minimum of $1,200 to all American adults.

In previous recessions, the goal of a stimulus package was to motivate people to spend money. Baker said that is not the goal this time around.

Baker advised people to be up front with their creditors about their situation and to be honest if they are unable to repay.

With the promised stimulus package, more Americans are now eligible for unemployment than ever before.

Despite the current pallid circumstances, Baker and financial planner Dan Loose of Medicus Wealth Planing of Draper each believe the U.S. will return to its previous status as a thriving economy.

Most people will qualify for the promised stimulus check so long as they have filed income tax returns.