Experts warn that a preemptive reopening can do more harm than good by potentially creating a second wave of infections, which could lead to a more severe economic disaster.
"We have different states at very different places in the Covid outbreak and with different public health responses themselves," said Jonathan Parker, a professor of finance at MIT, "so it's crazy to think we can flip the national light switch back on and reopen the economy nationally given that they are all in different places."
There is no guarantee that an early reopening can guarantee a successful economic recovery. Even if businesses open, consumers may not feel confident to venture out. A recent study revealed that
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