Stan Veuger: The Economic Fallout from Covid-19

What is the current economic situation of the US in light of the ongoing public health crisis? How successful have policies been in addressing the economic crisis? What are possible paths forward for the American economy in the short and medium term? In this Conversation, Stan Veuger of the American Enterprise Institute shares his perspective on the serious economic challenges we face. Veuger argues that the fiscal and monetary policies so far have averted the worst possibilities for the economy. However, the sheer number of lost jobs and productivity, along with the still unfolding future of the health crisis, means the economic pain likely will continue in the short and medium term. According to Veuger, there are reasons for concern about the pace of recovery—which ultimately will depend on how quickly America can overcome, or at least contain, the public health crisis.