PHILADELPHIA, May 1, 2020 — In response to the coronavirus pandemic, at one point almost every U.S. state had imposed lockdown orders. Some states have begun to relax these orders and many others are considering easing their restrictions. Penn Wharton Budget Model (PWBM) analyzed the health and economic effects of states partially reopening—lifting emergency declarations, stay-at-home orders, and school closures—as well as fully reopening all of the above as well as businesses and restaurants. Assuming that any policy change would occur on May 1, 2020, we present resulting projections at the national level and for individual states. At the national level, PWBM projects that:
For more information and state-specific estimates, see the full PWBM coronavirus reopening simulator. Media inquiries: Wharton Media Relations, (communications@wharton.), 1 (215) 898-8036 About the Penn Wharton Budget Model PWBM is a nonpartisan, independent applied research organization housed at the Wharton School of the University of Pennsylvania. PWBM works directly with policymakers and staff, serving as an honest broker by providing accurate, accessible, and transparent economic analysis of the fiscal and economic impact of public policy without advocacy. PWBM’s estimates are regularly referenced by policymakers and top news outlets. For more information, visit https://budgetmodel.wharton./ About the Wharton School Founded in 1881 as the world’s first collegiate business school, the Wharton School of the University of Pennsylvania is shaping the future of business by incubating ideas, driving insights, and creating leaders who change the world. With a faculty of more than 235 renowned professors, Wharton has 5,000 undergraduate, MBA, executive MBA and doctoral students. Each year 13,000 professionals from around the world advance their careers through Wharton Executive Education’s individual, company-customized, and online programs. More than 99,000 Wharton alumni form a powerful global network of leaders who transform business every day. For more information, visit www.wharton.. |
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