Companies Warn Economic Recovery Will Be Slow

“President Trump is in a rush to lift restrictions on economic activity amid the coronavirus pandemic, convinced that the move will rocket the economy out of a deep recession,” the New York Times reports.

“Companies say otherwise. So do a wide variety of economic and survey data, which suggest the economy will recovery slowly even after the government begins to ease limits on public gatherings and allow certain restaurants and other closed shops to reopen.”

“The evidence suggests it’s not just stay-at-home orders and other government restrictions that have chilled economic activity in the United States over the last month: it’s also a behavioral response from workers and consumers scared of contracting the virus.”