Covid economy: What economists got right (and wrong)

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A year ago, the US economy tanked. Will it return to normal once the pandemic is over?

when comparing 2020 sales to 2019, while the aviation industry has received about $55bn in bailout money from the federal government.When the Dow Jones dropped nearly 3,000 points in a single day on 16 March 2020, many panicked."There is light at the end of the tunnel, and that light was being driven by a vaccine," he says.

Mr Harvey is critical of how Western nations have hoarded vaccines, noting that the longer other countries wait for vaccines, the longer the virus has to mutate."It's global, and the longer you wait in terms of vaccination, the higher probability you have of these variants that are much more contagious and much more deadly."While both Mr Harvey and Mr Knoop think the economy has made a strong recovery this past year, they also have concerns about the future.

"People believe you can just spend and there is no consequence - there is a consequence, we're just expropriating from our children and grandchildren," he warns.

 

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Economists all vote tory.

Why did you not make a report about the freedom protests?

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