The slow start of the Covid-19 vaccine rollout, along with the arrival of new virus variants, has dashed some business leaders’ hopes for getting back to normal in 2021.
Consumers are unlikely to resume travel, dining out and shopping in stores at a pre-pandemic cadence until later this year,and investors in recent weeks. Some CEOs said consumer activity could pick up as soon as spring. Others pointed to a recovery later in the year—or even 2022. “Let me underscore that progress on economic growth is contingent on an effective vaccine rollout program globally,” said Goldman Sachs Group Inc. CEO David Solomon. “In its absence, economic recovery will be unnecessarily delayed.”
The pandemic has unevenly bolstered and derailed growth prospects; divided workforces into staff able to shelter at home and those who must report in person for duty; andas stay-at-home orders change. The rapid shifts have complicated financial forecasts and made consumer behavior hard to predict. John Idol, CEO of Capri Holdings Ltd., which owns Versace and Michael Kors, said online luxury spending is strong but the near-term outlook is challenged because jumps in Covid-19 cases have caused additional restrictions and temporary store closures.
It looks like it will take more than one year before we can return to normal life.
'The slow vaccine rollout and new Covid-19 variants are pushing back expectations for when consumers will return en masse to traveling, eating out,shopping in stores and attending in-person concerts'USA Coronavirus Terrorism Impeachment Trump Biden
People in CA are already traveling, eating out and shopping! Selfish
When the vaccine rollout model is The Hunger Games, a recovery is impossible to predict. No certainty for staffing, let alone demand for goods or services.
Of course they are 🙄🙄
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It’s too bad we didn’t just buckle down in the beginning to curb the outbreak. Government leaders could have prevented this deadly disaster that is now unfolding had it listened to the science as it became known. Can’t blame anyone but the delusional GOP for the greater costs.
We are never returning to those things.
Maybe I’m being naïve but I think we are rushing to judgment on this one. I think once this is executed successfully, we will see a reduction of spreading. We will see small pockets to eventually it becomes nonexistent. However, I think we will handle outbreaks differently
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