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?:abstract
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The fragility of the economy, even as headline statistics encouraged complacency, was evident in the impact of the partial government shutdown of late 2018-early 2019, when the loss of a couple of paychecks to federal employees and related workers drove hundreds of thousands to food banks and scrambling to friends and relatives to meet monthly bills, including rent and mortgage payments A TWO-PART FRAMEWORK What then might be the relevant interactions between a disruptive public health crisis that is metastasizing into an economic downturn that, by some measures, falls between the Global Financial Crisis of a decade ago and the Great Depression of the 1930s as a challenge to society and to the economy? The impact of the economic lockdown on state and local tax revenues could shrink non-federal government employment levels, as occurred in the Global Financial Crisis, and shelve important infrastructure projects A Brookings Institute report identifies 27 4 million workers in the most vulnerable jobs, plus another 9 8 million across the rest of the economy as at high risk in the near- and mid-term Besides hotels and restaurants, retailers, casinos, building materials, and personal and child-care services are on Brookings\' list
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