Mitchell on the Impact of Coronavirus on California’s Economy
Daniel J.B. Mitchell, professor emeritus of public policy and management, spoke with the San Francisco Chronicle about COVID-19’s impact on the California economy. In January, Gov. Gavin Newsom unveiled a budget proposal that projected a multibillion-dollar surplus and new programs for housing, health care and wildfire prevention. A revised 2020-21 spending plan, due in May, will need to account for the widespread shutdown of the state’s economy due to concerns about the spread of the novel coronavirus. The economy has already suffered a “tremendous shock,” Mitchell said, and the period of rebuilding could last years. “If you create enough disruption, it’s not so easy to go back,” he said. “So you could be looking at a very prolonged period here in California where the underlying economy is not good.”
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