Economic activity starting to recover. Reopening actually doesn't matter much. - Business Insider

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Opinion | Economic activity is starting to recover. Officially 'reopening' actually doesn't make much difference. By hblodget.

It's recovering faster in states that began to "reopen" earlier than others, but only modestly. And it was recovering faster than average in most of these states anyway.

Taylor's chart below shows mobility data — the amount of time that people spend at offices, restaurants, stores, and transit stations. The black line shows the average for the US overall. The colored lines show activity in four states — Georgia, Texas, Colorado, and Tennessee — that reopened earlier than others. The diamonds show the dates the states began to reopen.

A version of this post first appeared in "Insider Today," a daily email written by Henry Blodget and David Plotz. To receive it in your inbox, please

 

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