Question

What do you think is the road to the economy's recovery from the Corona Virus recession?

Answer 1

Stages of economy's recovery from the corona virus recession :-

1.) Contraction- This is what many countries with high cases of virus are experiencing right now, with millions of people losing their jobs while business investment and consumer spending fall off precipitously.

2.) A partial bounceback- Once society starts to reopen, there will be a lot of hiring and spending and investment to ignite the recovery but it will take time to bring the lost economy back which was before the spread of corona virus.

3.) The long slog- After the initial but incomplete improvement, it may take a long time for unemployment and wages to return to levels similar to pre-corona virus economy.