WSJ: With Fewer Covid-19 Restrictions, South’s Economy Outperforms Nation
"When coronavirus cases began surging across the South this summer, the region seemed destined for the same economic setback the Northeast suffered during the spring.
But by the end of summer, the South’s economy remained largely unscathed from the wave of infections. Its unemployment rate had fallen to 6.9%, the lowest of any region in August.
“In the South, I think that the more pro-business policies that Southern governors have largely followed for decades allowed much more flexibility earlier,” said Mark Vitner, a Charlotte, N.C.-based economist at Wells Fargo Securities. “We did see a rise in Covid infections over the summer. That slowed the pace of reopenings, but it didn’t reverse it.”
Public-health experts say the South’s early reopening came at a price: higher rates of virus infections and deaths starting over the summer, illustrating a trade-off between the economy and health."
https://www.wsj.com/articles/with-fe...?mod=flipboard
In the graph of infections, you'll see the south looks like a delayed version of the NE except when it came back down to a steady state, that steady state is higher than the NE. Looking at economic measures, the south and Mountain west are destroying the country. The NE, Pacific West are way behind. Except Maine, Maine's economy has been awesome. All those NErs going to summer houses I guess. (And VT and NH to a lesser extent). My state IL, is way behind it's neighbors from an economic perspective with higher unemployment and reduced output. Of course, many would argue that is worth it to reduce case count/improve public health. Clearly very different approaches. We'll see how it all plays out ... But thought the article was interesting at least.