Will the economy fully recover after this pandemic?
- Anonymous1 month agoFavorite Answer
It won't happen immediately,but give it time and it should recover providing people abide by rules
- Christin KLv 71 month ago
Most likely it will recover, but it won't be the same. Too many facets of it were destroyed. It will be a DIFFERENT economy, but it will most likely recover.
- 1 month ago
Yes, it's takes time but economy will fully recover after 2022.
- SteveLv 61 month ago
Im not completely certain what a full recovery entails, but what I can deduct will take 2-4 years possibly to correct. What business has fallen will eventually resurrect itself or something new will pop up in its place. In the long run, things will be fine again.
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- tiescoreLv 61 month ago
Parts of it won't. CNBC said an estimated 25,000 retail location will close for good. A few trouble companies (ie Hertz and JCPenney) may never come back. This is definitely accelerating the move away from brick & mortar retail, but also accelerating the adoption of telemedicine. There are lots of examples of both. We will go on, just not the same.
- ErikLv 71 month ago
- 1 month ago
The economy will fully recover just as it did from 9/11, World War 2 and the oil embargo of the 70's. No one knows how long it will take or how deep the recession will be.
- kswck2Lv 71 month ago
Of course it will. But the timing is anyone's guess.
- MattLv 71 month ago
No, the global economy is heading off a cliff thanks to government and central bank intervention. The level of money printing ensures that asset inflation will skyrocket over the coming years. Poverty and social cohesion will get even worse until the US dollar collapses.
- MattLv 51 month ago
Who knows what will happen. It might take years to recover if it ever does