Data shows the costs of year-long economic shutdown

This coming week marks one year since the word “lockdown” started to become synonymous with Covid-19 in 2020. As events and sports seasons and, ultimately, work in offices were suspended and postponed, the scale of the pandemic became clear.

The numbers around the virus today tell the story of a different kind of economic slowdown, one that took an especially large toll on one sector of the economy. Now, as vaccination rates rise, there is a lot of optimism that the economy could be getting a lot healthier in 2021.

But anyone planning for a quick economic turnaround may be surprised. A long list of data points raise some serious questions about when a healthy economy will arrive, or what it will even look like. CONTINUED

Dante Chinni, NBC News


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