With recent events unfolding, including increasing COVID-19 cases as the country reopens, some slowing of states' reopening in response to major spikes in cases, store re-closures (for example, Apple's announcement on Friday), delays in the cruise industry resuming operations, etc., it's looking like the recovery will be slow and bumpy. Economic news has been mixed, with retail sales growing faster than expected and a good jobs report a couple weeks ago, followed by reports of more cases and higher weekly unemployment claims than anticipated last week. While many economists agree the worst is behind us in terms of the unemployment and other major impacts of the almost three month shutdown of the economy due to COVID-19, there is less agreement about the future path of recovery.
Share this post
Investing For a Long, Slow Recovery
Share this post
With recent events unfolding, including increasing COVID-19 cases as the country reopens, some slowing of states' reopening in response to major spikes in cases, store re-closures (for example, Apple's announcement on Friday), delays in the cruise industry resuming operations, etc., it's looking like the recovery will be slow and bumpy. Economic news has been mixed, with retail sales growing faster than expected and a good jobs report a couple weeks ago, followed by reports of more cases and higher weekly unemployment claims than anticipated last week. While many economists agree the worst is behind us in terms of the unemployment and other major impacts of the almost three month shutdown of the economy due to COVID-19, there is less agreement about the future path of recovery.