[BostonCard]

There will be some catch-up growth after this is all over.  I guess it will depend to an extent how quickly things pass.  But, for example, while most people won't return to restaurants anytime soon, if a few people do, that will represent growth (from a low base).  People will start getting haircuts again, and while many restaurants/shops/businesses will go bankrupt, the ones that survive will be able to expand into the voids left by the ones that depart.



We won't get back to where we were pre-covid-19, but we will probably have a bit of a bounce from the bottom (maybe the proverbial dead cat bounce).  I read your last statement the same way Snorlax did, saying 3.5% growth and 3% unemployment suggested a return to the status quo ante.  I could see a 3.5% growth, say in Q4, but even in that context, unemployment is going to be much higher than 3%.  The best we can help is that we get back to 200,000 more employed people per month as businesses rehire some of the people they had laid off.



BC

[BostonCard]

There will be some catch-up growth after this is all over.  I guess it will depend to an extent how quickly things pass.  But, for example, while most people won't return to restaurants anytime soon, if a few people do, that will represent growth (from a low base).  People will start getting haircuts again, and while many restaurants/shops/businesses will go bankrupt, the ones that survive will be able to expand into the voids left by the ones that depart.



We won't get back to where we were pre-covid-19, but we will probably have a bit of a bounce from the bottom (maybe the proverbial dead cat bounce).  I read your last statement the same way Snorlax did, saying 3.5% growth and 3% unemployment suggested a return to the status quo ante.  I could see a 3.5% growth, say in Q4, but even in that context, unemployment is going to be much higher than 3%.  The best we can help is that we get back to 200,000 more employed people per month as businesses rehire some of the people they had laid off.



BC