When the coronavirus lockdowns end, we will live in a shrunken world

Wong Maye-E/AP Photo

• A projection from the Department of Homeland Security, published by the New York Times, shows coronavirus cases spiking again at the end of summer.
• It's a stark reminder that American life after lockdown will still be one of limited human interaction. And that means we'll have to live with a smaller economy too. 
• The economy will be packed with uncertainty given the possibility of another shelter-in-place order.
• Until we can all hang out again with confidence, the US economy is going to be a shell of its former self.
• This is an opinion column. The thoughts expressed are those of the author.
• Visit Business Insider's homepage for more stories.

When the US emerges from its various shades of shelter-in-place orders, it will emerge to a shrunken global economy. One that will not easily be inflated living within parameters the coronavirus demands.

Financial transactions are a form of human interaction, and even after strict orders to stay at home are lifted, Americans will need to limit human interaction to mitigate the spread of coronavirus. One projection from the Department of Homeland Security, first reported by the New York Times, imagines a world where schools remain closed, 25% of Americans work from home, and social distancing remains in place through the summer.

See the rest of the story at Business Insider

NOW WATCH: How waste is dealt with on the world's largest cruise ship

See Also:

• The US economy is about to take a historic hit. But Wall Streets' doom and gloom predictions are getting out of hand.
• Climate change is only going to make health crises like coronavirus more frequent and worse
• Congress finally learned something from the financial crisis. Most of the coronavirus aid is going to average Americans, not giant corporations.

from Business Insider https://ift.tt/34C1yaw