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U.S. Is Nowhere Close to Reopening the Economy, Experts Say

06 Apr 2020 10:56 AM | IJCSA - (Administrator)

Our ability to reopen the economy ultimately depends on our ability to better understand the spread and risk of the virus,” said Betsey Stevenson, a University of Michigan economist who worked on the White House Council of Economic Advisers under President Barack Obama. “It’s also quite likely that we will need to figure out how to reopen the economy with the virus remaining a threat.”

Hotel conference rooms are not likely to be filled anytime soon as the coronavirus outbreak continues to shutter large parts of the United States economy. 

Public health experts are beginning to make predictions about when coronavirus infection rates will peak. Economists are calculating when the cost of continuing to shutter restaurants, shopping malls and other businesses — a move that has already pushed some 10 million Americans into unemployment, with millions more on the way — will outweigh the savings from further efforts to slow the virus once the infection curve has flattened out.

More at source: NY TIMES

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