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COVID19-economy

Weatherhead's JB Silvers sees few lasting impacts on the economy

MEDIA | March 27, 2020
STORY BY: EDITORIAL STAFF

Trump’s suggestion that he may lift coronavirus restriction guidelines seen as putting the economy above life

Cleveland.com: JB Silvers, a professor of banking and finance at the Weatherhead School of Management, gave thoughts on how he sees few lasting impacts of the sudden the economic downturn, which is driven by a lack of demand from social isolation—unlike the 2008 recession, which involved a large amount of debt. For the moment, Silvers suggested listening to health officials: “Until we have the ability to say ‘you’re safe going back and you can be in public,’ you shouldn’t risk it.”