The economy will not recover until the pandemic is under control.
This week’s episode of the Restaurant Business podcast A Deeper Dive features economist Joel Naroff discussing the prospects for an economic recovery in the aftermath of the coronavirus pandemic.
Naroff is the president of Naroff Economics, a strategic economic consulting firm that works with corporations and financial institutions. He is also the author of Big Picture Economics: How to Navigate the New Global Economy. Joel is quite familiar with the restaurant industry through his work with Black Box Intelligence.
Naroff makes it clear that any recovery will depend on the outcome of the pandemic. He also discusses the $600 in additional weekly unemployment benefits, its impact on restaurant sales, and what its potential loss could do to the industry going forward.