COVID-19 recovery in hardest-hit sectors could take more than 5 years

If the economic recovery from COVID-19 is muted (one of two scenarios executives view as most likely), some industries will take years to get back to their prepandemic normal. Many in those industries are small businesses, and their recovery may take even longer, if at all.

In a muted recovery, it could take more than five years for the most affected sectors to get back to 2019-level contributions to GDP.

To read the article, see “US small-business recovery after the COVID-19 crisis,” July 7, 2020.