And so, this bit of research offers a glimpse at the future and reminds us that this isn't the first or the last pandemic that will impacting public policy . . . Here's the money line:
“While the virus will eventually pass, vaccines will be developed, and workers will return to work, an event of this magnitude could leave lasting effects on the nature of economic activity,” says the paper, which was released at the Federal Reserve Bank of Kansas City’s annual conference recently. “Businesses will make future decisions with the risk of another pandemic in mind.”
Consciously or subconsciously, businesses will probably fear the possibility not just of viral outbreaks, but other unforeseeable events that could upend the economy and their business plans, the study says. The nation is awaiting a vaccine that can halt the COVID-19 pandemic in its tracks, allowing life - and the battered U.S.