Amihai Glazer, UC Irvine professor of economics, emeritus, and author of a textbook on price theory, looks at O.C.’s pandemic economy and recovery. What can we look forward to this summer?
There’s a good chance that a large swath of the population—maybe half, maybe more—will be vaccinated by then, and that should make a huge difference. We could look at where the (economic) decline was worst: air travel, local retail, going to a store, restaurants. I don’t think they’ll go up to the level before the pandemic, but some things that have declined greatly probably will improve. Housing is another possibility. People are tired of their old furniture or drapes in their houses and may want to remodel or buy a bigger house. One can imagine that taking off.

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