Economic Take

The Uneven Road to Recovery

June 16, 2020

The social distancing protocols that were implemented to disrupt the spread of COVID-19 were also a shock to aggregate supply. While aggregate demand is likely robust as some businesses reopen, the cost of services at those businesses may increase due to capacity limits. So although the economy may make good progress over the summer and fall, the road to a full recovery will still be rocky for many businesses and consumers.