The CBO predicts that the economy will begin to rebound in 2021 but that unemployment will still hover at about 10% through the year and decline only as low as 9.5%. ThatMonica Mileur packs grocery items into a box at Union Loafers restaurant Friday, April 10, 2020, in St. Louis. Some restaurants have turned to selling groceries and other provisions to customers as a way to help make up for revenue lost during the coronavirus outbreak.
The firm observed that Chinese hotels were still at less than half of normal occupancy. Retail stores were getting just 70% of their pre-coronavirus foot traffic, and restaurants were at only 50% of prior occupancy.
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The « top minds » of Wall Street don’t have a clue of what’s going on and completely lack any capacity to imagine the different world we’re moving into.
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