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How the American Economy Can Recover from the Coronavirus Pandemic
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How the American Economy Can Recover from the Coronavirus Pandemic

Geoff Colvin
Fortune, 2020
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8

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In this sobering assessment of economic recovery from the COVID-19 pandemic, columnist Geoff Colvin spells out the damage done to US consumers, who contribute the major share of the country’s GDP. He describes how the double punch of disease and unemployment has already changed the behavior of individuals and businesses. Colvin argues that an environment of socioeconomic trauma requires creative and sound leadership from policy makers and executives who can offer realistic expectations and decisive actions.

Take-Aways

  • The coronavirus has caused unmatched levels of fear in the consumer-driven American economy.
  • Massive amounts of government assistance are crucial to the recovery, but people will bear the scars of this experience for years to come.
  • Decisive leadership is essential to manage the present crisis and to plan for the next.

About the Author

Geoffrey Colvin is an author and a columnist at Fortune magazine.

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