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Reopening vs. Reengagement

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The sustainability of the economic rebound and future growth will depend on medical progress, confidence, and reengagement, and less on whether businesses reopen. Business models in industries with low margins don't work with 50% to 75% capacity utilization rates. People disengaged following 9/11. They are disengaging again as COVID-19 infections climb.

Ned Davis Research | Economics | U.S. Focus | Monthly

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