INSIDER TODAY: When will will life go back to normal again?
To meet this May/June timetable, the US will have to significantly reduce the spread of the virus , finally build up adequate testing capacity, and build enough medical infrastructure to be able to test, isolate, and trace new cases. Given the US's current lack of preparedness, this will be challenging.What about our jobs and the economy?
That would be twice the peak level of unemployment as in the Great Financial Crisis. It would be almost as high as the staggering 25% peak in the Great Depression.were released and delays implementing the federal emergency rescue package became apparent, the consensus is now that the recovery will take longer.to recover in Q3 but that the impacts of this shock will continue into 2021 and possibly beyond.
The keys to a rapid recovery, in our view, are 1) the discovery of effective treatments, or, ironically, 2) the discovery that many more people have been infected with the virus than we currently think. On the latter, there is evidence that some people who are infected with the coronavirus develop few or no symptoms. Because of our lack of testing capacity, moreover, it is likely that many more people have had the coronavirus than we have currently identified.
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