Economic impact of pandemic takes us into uncharted territory

Three economists agree that Nebraska appears to stand a better chance at financial recovery from the Covid-19 pandemic than some states, but is still heading into uncharted territory as the country faces a deep recession.

“We’re in a very deep recession at the moment and while all of the projections show an eventual recovery going forward, there’s a very real possibility that the recovery will take a long time,” said Dr. Matthew Fiedler, a fellow with the Brookings Institute, who discussed the impact of the pandemic on the national economy during a webinar sponsored by the OpenSky Policy Institute.

 

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