When Will the Economy Recover?

In an article on Bloomburg.com they describe the recent issue of the rise in cases lately. Because of this rise, more states have added restrictions. Tses restrictions mave serve to slow the recovery of the economy as businesses are forced to close their doors once again. The article also describes how consumers are uncertain of how to act during this time. Consumer comfort levels play a large part in the recovery of the economy. This is because as consumers feel comfortable spending money, this will stimulate the economy. Due to the new COVID cases people will be less comfortable spending money as they are nervous about what may happen.

I agree with the statements made in this article. Consumer comfort plays a large part in the recovery of the economy, and hopefully as a vaccine is developed or we come up with a more long term solution, then the comfort levels will rise. This will result in a swifter recovery of the economy.

https://www.bloomberg.com/graphics/recovery-tracker/

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