WSJ: Pandemic: 2024 and Beyond

The Long Shadow of the Pandemic: 2024 and Beyond - WSJ…The pandemic has already caused one of the largest global recessions in history. If high numbers of deaths resume this winter, which is likely, and if people have to continue physical distancing practices, the overall economic impact of the Covid-19 pandemic could resemble the Great Depression. As long as the virus poses a material threat to life, many people won’t be willing to completely resume normal activities or to engage in many pre-pandemic purchasing behaviors. This reduced demand will unavoidably keep the U.S. in recession into the intermediate period…MORE: wsj