“Why The Global Economy Is Recovering Faster Than Expected”
March 9, 2021
“…In the spring, previously unimaginable shutdowns pushed economic activity to unimaginable lows…. While the stronger-than-expected recovery aligns with the business experience of many leaders we speak with, they still wonder what drove the gap between expectations and reality…”
https://hbr.org/2020/11/why-the-global-economy-is-recovering-faster-than-expected
Listen, this isn’t rocket science. When businesses shut down, no matter the reason, they lose money. Everything was on lock down. Businesses didn’t open. The result is loss of revenue. This economic retraction was artificial. That’s why growth will return to normal quickly if all businesses operate normally at 100% capacity.