Coronavirus pandemic likely to leave legacy of fear and uncertainty that holds back economy for decades

Coronavirus pandemic likely to leave legacy of fear and uncertainty that holds back economy for decades

The nation is awaiting a vaccine that can halt the COVID-19 pandemic in its tracks, allowing life – and the battered U.S. economy – to return to normal. But a new study suggests the crisis has generated fears that are likely to dampen risk-taking and economic output for decades by increasing the “perceived probability of an extreme, negative shock in the future.”

By Miki