Wolfers notes ambiguity in current strength of the economy

April 29, 2022 Bloomberg

Bloomberg reports that the Covid-19 pandemic, now in its third year, has turned into a catalyst for lasting economic change, which will outlast the disease.

Ford School economics professor Justin Wolfers notes that on the one hand the economy has proven resilient, yet on the other there is great uncertainty based on the current inflationary trends. “The economy as a whole is more robust than I think we'd ever imagined,” he says. The flip side is “that maybe—and these two things can both be true—prosperity is more fragile than we might have imagined.”