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Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick, Chief Economist at ConstructConnect
Alex Carrick is Chief Economist for ConstructConnect. He is a frequent contributor to the Daily Commercial News and the Journal of Commerce. He has delivered presentations throughout North America on the Canadian, United States and world construction outlooks. A trusted and often-quoted source for … More »

Notes from the Trenches (13)

 
April 15th, 2020 by Alex Carrick, Chief Economist at ConstructConnect

Article source: ConstructConnect

  • On the far side of this pandemic-induced economic freeze, how much will pervasive worrying about a second (or even third) wave of coronavirus infections slow the recovery? Current speculation is that even if COVID-19 runs its course through the spring and early summer, it might roar again when the warmer weather begins to chill in the fall. (Some viruses thrive more in cooler rather than warmer environments.)
  • If there are next waves, each one is likely to be less severe and of shorter duration than the current one, since by then the supply of medical gear (ventilators, etc.) will have been vastly expanded. Also, a great deal of experience will have been gained in how best to deal with the silent and invisible intrusion.

  • Whether there are next waves or not, until there is widespread dissemination of an effective vaccine, there will almost certainly be intermittent city or regional flare-ups … or ‘hot spots’, as they are also being called.
  • A good news story has bubbled up from the hospitality sector. There are reports of hotels located near hospitals making unoccupied rooms available to medical staff for ‘getting away from it all’ breaks and ‘transitioning from work to home’ breaks. They’re often doing this at low cost or no charge to hospital administrations. The present ratio of unused-to-available hotel rooms nationally is said to be as high as 80%.
  • By the time you’ve reached day 50 of your sequestration, is it possible you’ll be thinking a telemarketing call from that charming lady or man who wants to discuss duct cleaning with you would be nice right about now? Or is there no degree of isolation that could turn the ignition on that old jalopy?

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Category: ConstructConnect




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