How Fast Will the Economy Recover From COVID-19?

Apparently my old workplace has been deemed nonessential. Sad.Kevin Drum

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How quickly will the American economy recover after the COVID-19 pandemic is over? That depends on a whole lot of things:

  • Will it really be over in a couple of months? Or will small outbreaks keep springing up here and there?
  • Will there be another big outbreak in the fall?
  • Will there be a widespread outbreak in the southern hemisphere later this year?
  • How quickly will our trading partners in Europe recover? And Asia?
  • How soon will people return to their old spending habits?
  • Will we provide the right kind of rescue and stimulus spending?

That’s a lot of unknowns. I’ve been pretty solidly on the side of believing that the economy can bounce back fairly quickly from the pandemic, but the more I read about new outbreaks in Asia; pandemic spread in the southern hemisphere; northern European unwillingness to help their poorer neighbors; and so forth—the more I read about this stuff, the less confident I become.

I have no strong new opinion to share here. I’m just acknowledging that this is a question that depends on a whole lot of unknowns.

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This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

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