Shutdown threatens businesses, but reopening has its own challenges

Sunday, May 3, 2020 - 05:34 in Mathematics & Economics

This is part of our Coronavirus Update series in which Harvard specialists in epidemiology, infectious disease, economics, politics, and other disciplines offer insights into what the latest developments in the COVID-19 outbreak may bring. As several states begin piecemeal easing of stay-at-home restrictions, President Trump continues his push for a speedier nationwide opening to revive the battered U.S. economy and head off a possible recession, despite concerns of public health experts and economists and polls indicating that most Americans think it’s too soon. “There will come a point when it’s right to open up the economy,” said Harvard President Emeritus Lawrence Summers, Ph.D. ’82, the Charles W. Eliot University Professor and a former U.S. Treasury Secretary, during a virtual talk on April 20 for Harvard Business School (HBS) students and alumni. “But no one who sensibly looks at data could possibly believe that that point is this week or next week.” All agree,...

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