How long will it take for the economy to rebound to pre-COVID-19 levels?

How long will it take for the economy to rebound to pre-COVID-19 levels?

Interviews by Deborah Jeanne Sergeant “There’s been a lot of conversations we’ve had on Zoom meetings with our board of directors who represents various industries. For the economy to come back and to have full recovery, we think it will be an extended period of time, 18 to 36 months. The sooner we get back to normal business operations, the sooner we can get back to that.” Jim Dowd CEO at Pathfinder Bank, Oswego “Partly because we’re such a diverse country and we have a very passionate, hardworking population, I feel like that we will come out of it and it will probably happen sooner than what it seems like now. There could be some more dark spots before we get there but I’m confident because we’re very resilient people. People who own their own businesses inspire me. I’m optimistic that it will happen maybe sooner than we anticipate.” Christine Allen Ph.D. and president of Insight Business Works, Syracuse “While there are still so many variables and unknowns at this point, I believe the economy will recover slowly and cautiously through 2021 as business reopens with new measures in the face of a possible resurgence of COVID in the fall.

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