The debate about which sectors of the economy are able to reopen amid the coronavirus pandemic doesn't exist in a vacuum.
While there are certain policies and mitigation efforts in place that could allow businesses to reopen more safely, Mohamed El-Erian, the chief economic adviser for Allianz, said Sunday that "you're not going to see a quick recovery in all sectors" because individuals just won't be ready to participate in the economy on a pre-pandemic scale as long as they harbor concerns about their own health.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
How would the Trump administration denaturalize immigrant citizens?Today's Big Question Using civil courts lowers the burden of proof
-
Who has to pay the estate tax?the explainer Trump's new bill will permanently shift who owes federal estate tax
-
'Trucking is a dangerous business'Instant Opinion Opinion, comment and editorials of the day
-
Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliablespeed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
