COVID-19 has had a devastating effect on the economy, causing job losses and permanent business closures. Many businesses that have remained open are struggling to survive.
There’s been positive news in Massachusetts, with business opening back up when the state entered phase 3. But, the state’s unemployment rate is currently the worst in the nation and many wonder how long it will take to recover from the shutdown.
John Rogers, professor of economics from American International College sat down with Carolee McGrath to breakdown the state of the economy in August, including the impact of the virus on the national and local economy, the latest stimulus package and more.