NRF Economist Sees Post-COVID US Recovery Coming in ‘Fits and Starts’
Post-pandemic U.S. economic recovery will be gradual and may vary by region, predicted the National Retail Federation’s chief economist Wednesday. U.S. households likely will “tiptoe back” to their pre-COVID shopping habits “rather than making an immediate return to the lives…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
they experienced before,” said Jack Kleinhenz. “My overall impression is that the recovery will have fits and starts among states, regions and cities depending on the severity of the pandemic in their localities.” Q1's 4.8% gross domestic product decline was “just a murmur of how severely the pandemic has devastated many parts of the U.S. economy,” said Kleinhenz. “A much deeper contraction is expected during the second quarter.”