10 Jun 2021 5:51 am
https://news.yahoo.com/lockdown-states- ... 25163.html
'Lockdown' states like California did better economically than 'looser' states like Florida, new COVID data shows
Yet for much of the past year, some experts have quietly advanced a counterargument: that economic activity is mainly affected by the rising and falling severity of the pandemic itself — not the relative strictness of the measures implemented to mitigate it. In fact, these experts argued, nonpharmaceutical interventions, or NPIs — a set of 20 government responses such as business closures, mask mandates and stay-at-home advisories that Oxford University rates according to stringency — can have an economic upside. The more the virus seems to be under control, the more eager people will be to participate in the economy.
Last week, this argument got a boost with the publication of a new report by economists at the University of California, Los Angeles. According to the latest quarterly UCLA Anderson Forecast, not only did big states with more stringent COVID measures end 2020 with fewer infections per capita, they also tended to post better economic growth numbers last year than states with fewer restrictions.
In other words, California’s economy actually fared better than Florida’s.
https://youtu.be/01ja-hEqvIs
1 Nomination
Crazytrain Jun 09, 2021
Go to original post on Jun 09, 2021 2:05pm
'Lockdown' states like California did better economically than 'looser' states like Florida, new COVID data shows
Yet for much of the past year, some experts have quietly advanced a counterargument: that economic activity is mainly affected by the rising and falling severity of the pandemic itself — not the relative strictness of the measures implemented to mitigate it. In fact, these experts argued, nonpharmaceutical interventions, or NPIs — a set of 20 government responses such as business closures, mask mandates and stay-at-home advisories that Oxford University rates according to stringency — can have an economic upside. The more the virus seems to be under control, the more eager people will be to participate in the economy.
Last week, this argument got a boost with the publication of a new report by economists at the University of California, Los Angeles. According to the latest quarterly UCLA Anderson Forecast, not only did big states with more stringent COVID measures end 2020 with fewer infections per capita, they also tended to post better economic growth numbers last year than states with fewer restrictions.
In other words, California’s economy actually fared better than Florida’s.
https://youtu.be/01ja-hEqvIs
1 Nomination
Crazytrain Jun 09, 2021
Go to original post on Jun 09, 2021 2:05pm