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How quickly can the economy bounce back from the crisis?


Can the economy really come roaring back from the coronavirus recession as soon as this summer, as President Donald Trump has promised?

Some economists say the answer is yes. An economy that was in good shape before the steep and sudden free-fall triggered by the outbreak just as quickly can be jolted back to life, reclaiming nearly all its former luster.

In fact, that’s largely what the massive $2.2 trillion stimulus package signed into law by President Trump Friday is intended to do: Hold the nation’s $21 trillion economy together with a kind of duct tape for a few months by providing spending money to laid-off workers and teetering businesses.  

But many economists say the comeback is likely to be far more halting. Growth could pick up strongly this summer but still fall well short of its former pace, with the recession’s after-effects lingering well into next year as consumers remain skittish about venturing out to restaurants and other gathering spots. Some of the damage could even be lasting, leaving a smaller economy than would have been the case without the pandemic.



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