Home Economy States easing business constraints early got modest boost

States easing business constraints early got modest boost

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Disneyland reopening marks California’s turnaround

Disneyland swung open its gates to cheering visitors Friday, marking a dramatic turnaround in a state so overwhelmed with coronavirus cases just four months ago that patients were being treated in outdoor tents. (April 30)

AP

States that lifted business restrictions early during the COVID-19 pandemic benefited from a boost in economic activity, but those gains were limited or short-lived, as other states often caught up within a month, according to a study by Moody’s Analytics.

The aggressive states notched a longer-lasting advantage in employment but even in that critical category, the other states have narrowed the gap, the Moody’s analysis shows.     

“I don’t see the states, by reopening aggressively, bought themselves that much additional growth,” says Moody’s economist Adam Kamins. 

At the same time, the early reopening states didn’t pay a significant price by falling behind the…

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