Talk of The Villages Florida - COVID-19 pandemic could dampen economy for up to 70 years (USA Today)

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Originally Posted by DeanFL (Post 1827566)

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FRONT page/headline article of the online USA Today - right now:
COVID-19 pandemic could dampen economy for up to 70 years

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Yikes! This article is based upon a "study/Paper" by a Cambridge MA org. I'm certainly OK with reporting information, studies, research on various topics. MY concern is when it is "reported" as headline and main article. Reminds me of waiting in line at a supermarket and seeing the 'rags' with headlines "Alien Impregnated Hollywood starlet!", "Elvis found in Omaha!", "Hitler relative running for Senate!".

Many folks look at a headline, and...it's a FACT.

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first part of article - complete, in link below.

The nation is awaiting a vaccine that can halt the COVID-19 pandemic in its tracks, allowing life – and the battered U.S. economy – to return to normal.

But a new study suggests the crisis has generated fears that are likely to dampen risk-taking and economic output for decades by increasing the “perceived probability of an extreme, negative shock in the future.” Over time, the economic cost of that warier outlook is “many times larger” than the short-term damage, the study says.

The study, titled, “Scarring Body and Mind: The long-term belief-scarring effects of COVID-19,” attempts to quantify such long-term economic losses by assessing the toll taken by other economic upheavals, such as the Great Recession of 2007-09.

“While the virus will eventually pass, vaccines will be developed, and workers will return to work, an event of this magnitude could leave lasting effects on the nature of economic activity,” says the paper, which was released at the Federal Reserve Bank of Kansas City’s annual conference last week. “Businesses will make future decisions with the risk of another pandemic in mind.

COVID-19 pandemic creates fears that may constrain economic growth
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We may see the way Corporations change with Covid more Companies have employees telecommuting. Quite possibly we will see a glut in OFFICE SPACE for 6 months we have seen this with corporations not expecting a return of employees to traditional work locations maybe early 2021. Most offices are leased do to tax incentives the same productivity can be achieved with work at home. The ones with Real Estate will be left holding the bag. We have seen similar with shopping malls same can be achieved with shop from home with free delivery again property owner left holding the bag.