Expect a ‘checkmark’ recovery, says economic expert

From Fleet Owner.

“By ending the lockdown, I think we did the right thing and we got the economy growing again,” said Dr. Jeffrey Rosensweig, director of the John Robson Program in Business, Public Policy & Government at Goizueta Business School of Emory University.

Rosensweig, provided insights on economic trends affecting the heavy-duty commercial vehicle manufacturing market during “A Global Economic Outlook” presentation at the Heavy Duty Dialogue 2020 virtual fall meeting this week.

In March and April this year, lockdowns initiated at the state and federal levels in response to the COVID-19 pandemic created a significant slowdown in the economy. Since states began reopening in late April, economic activity started to increase, but at a slower pace than the sharp decline seen in the second quarter. Instead of the common “V” shaped economy swings, the decline and subsequent recovery pattern is more like that of a checkmark, or “Nike swoosh” design, noted Rosensweig.

See the complete article from Fleet Owner online.