Center for American Progress

The administration needs to do better to prevent coronavirus economic fallout
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The administration needs to do better to prevent coronavirus economic fallout

Author Andres Vinelli argues that the Trump administration has minimized and politicized the coronavirus instead of acting to address the public health crisis, which could amplify negative consequences for the U.S. economy.

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The spread of the coronavirus has the full attention of policymakers, businesses and the general public. But as we grapple with the public health consequences of the virus, another question remains: how much will the epidemic disrupt the economy?

It’s impossible to accurately predict what the virus’ eventual economic impact will be, but there are two factors that will determine the magnitude of the potential crisis: the ultimate public health toll and the Trump administration’s policy response. So far, the Trump administration’s response to mitigate the economic harms of coronavirus has been woefully inadequate. But there is still time to act.

The above excerpt was originally published in The Hill. Click here to view the full article.

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Authors

Andres Vinelli

Vice President, Economic Policy

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