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COMMITTEE FOR ECONOMIC DEVELOPMENT
CED Blueprint for Reopening the Economy
A Realistic Blueprint for Reopening the Economy by Sector while Ramping Up Testing
With a quarter of the American economy at a standstill, more than 26 million unemployment claims filed in just few short weeks, and a historic near $3 trillion in response and relief programs already seen as inadequate for the economic pandemic COVID-19 has unleashed, the President unveiled “Guidelines—Opening Up America Again,” a three-phased approach to reopen the economy, moving away from a strategy of mitigation to targeting the infected and getting America back to work.
The Guidelines appropriately do not open the economy all at once. They set out benchmarks for progression to phases of reopening to protect lives, get people back to work and recognize and protect the most vulnerable. Uncertainty about the disease is considerable, and above all any approach must be adaptable to new information. However, granting that uncertainty, the Guidelines do have several significant shortcomings that can and must be addressed expeditiously. America is going back to work. It must be done safely. And it can be done safely even with today’s limited testing capacity by pacing the reopening to the testing capacity.
CORONAVIRUS (COVID-19) CONTENT
August 06, 2020 | CHARTS
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July 30, 2020
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