Special Report

Beyond the Health Crisis: Northeast Special Report

Summer, 2020

The Northeast Moves Beyond the Initial Tidal Wave of Infections As Cultural and Commercial Landmarks Stabilize Long-Term Demand

Stringent response to pandemic may benefit region in the long run. The Northeast region of the United States was especially hard hit by COVID-19 as acute population density fueled a large wave of infections. Between mid-March and late May, the Northeast had more confirmed coronavirus cases than across the rest of the country combined. In the face of an unprecedented health crisis, Northeast states became some of the first to enact stay-at-home orders and close nonessential businesses. While these measures had severe economic costs, they appear to be successfully flattening the rate of new infections. Several areas have already partially reopened, although the region’s most heavily impacted metro, New York, is just now starting the process. This more deliberate pace may hinder the economy today but could benefit the region over the next 12 to 24 months by preventing a second wave of infections.

MM Texture Background