Only the Trump administration’s top economic officials believe that the economy could be open for business in May.
However health officials cautioned on bringing people back to the workplace too soon exacerbating the spread of the Covid-19 virus and having to go back to square one and re-isolate again. Certainly not a desired consequence of the urge to normalise the economy as soon as possible.
Comments from US Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow show clearly the desire to resume normal activity despite the rising number of deaths from the deadly virus.
Kudlow, speaking on Fox Business Network, referred to the economy reopening on a “rolling basis” over the coming few months.
Whilst the health officials continue to battle the virus to save human lives they can see first hand that stricter measures regarding social distancing need to be implemented whilst the economic officials are looking to give people relief from the hardships accompanying the slowing economic activities.
In reality there needs to be a well thought out plan to reopen the economy to ensure that the safety of US Citizens is paramount whilst addressing the effects of the inevitable economic slowdown that will follow this period with a view to implementing the fiscal measures that will restart the economy with the least amount of impact that is possible in the given situation.