Reopening the economy doesn’t mean it will automatically bounce back | Vox


There’s no way to predict exactly what the future of the United States economy will be, precisely what the recovery will look like or when it will arrive.

Even if businesses reopen, many people won’t risk getting themselves or a loved one sick to crowd into restaurants and bars. Still, a sort of magical thinking has settled into place: This was just a glitch, some people argue, and a swift economic recovery is just around the corner if we simply will it.

But much of the evidence points to a longer and harder recovery than optimists project — instead of a “V-shaped” recovery (a quick dip down and then pop back up), at the very least, more of a Nike swoosh.

Source: Reopening the economy doesn’t mean it will automatically bounce back – Vox

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