As several states reinforce COVID-19 restrictions, Iowa businesses fear the possibility of future closures. Iowa has yet to revisit strong COVID-19 mitigation efforts, but economists fear a holiday-fueled spike in cases could sap consumer confidence even more.
“It's just really devastating,” Mitchell said. “It's not realistic.”
Mitchell said more stimulus should be a top priority as the virus and the economy remain intertwined.
“I'm not a health doctor, but sort of a business doctor,” Mitchell said. “And if I'm gonna say, ‘What is my prescription for a quicker recovery?’ It's the basics -- it is washing your hands, wearing a mask (and) doing those socially distanced events.”
Mitchell said it is important to remember that even amid record highs, the stock market is not the same as the economy.
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