One of my major worries about the economy is that part of the horrible COVID-19 economic shock will prove neither temporary nor reversible. As an illustration, Bloomberg Economics estimates that 30% of recent US job losses are due to a "reallocation shock"--where "firms and even entire sectors suffer lasting damage." https://lnkd.in/gqQJjwb #economy #economics #markets #bloomberg #jobs #employment #unemployment #covid #covid19 …see more