It will take years for the economy to recover from COVID-19, UT experts warn

[TexasTowelie]

While Tennessee's economy has started to rebound from the devastating impact of the pandemic, full recovery is still years away, University of Tennessee Boyd Center for Business and Economic Research experts told Gov. Bill Lee.

And it could be a bumpy ride. Recent surges in COVID-19 could cause the economy to retract again, the center's experts said in a new report. Even still, economic growth is on the horizon, said Larry Kessler, the project director at the Boyd Center.

"Looking ahead in 2021, we do expect, at the moment, positive growth going forward as we continue to dig out of the recession," Kessler said.

The Boyd Center released its annual Economic Report to the Governor on Wednesday, which took on additional urgency as the country and state's economy heals.

Read moire: https://www.columbiadailyherald.com/story/news/education/2020/12/16/tennessee-experts-economic-recovery-take-years/6542133002/

[Irish_Dem]

1. It is going to take years for many things to recover. The damage is wide spread, on many levels. nt

[Skittles]

2. it will take longer than that to recover from Trump

yes indeed

[PoindexterOglethorpe]

3. I want to say,

"Well, duh."

I have a WWII comparison I've put out there many times. Someone recently posted here that they didn't think it was all that good a comparison because what with the vaccines becoming available, this simply won't last as long. However, as that article points out, the long term effects are going to be with us a long time.

The other person also pointed out that we don't have a bombed out infrastructure, which is a valid point.