More than a year after the pandemic began, the US economy is in full recovery. But reaching that milestone is not yet easy.
CNN Business’s Back-to-Normal Index, developed in partnership with Moody’s Analytics last year, shows that the US economy has returned 90% to what it was before the pandemic began more than a year ago.
Composed of 37 national indicators and 7 state-level indicators, the index bottomed out at around 57% in April 2020.
However, despite significant improvements, it will be difficult to regain the last 10%. Immunization efforts are ongoing and consumers are spending money on food and travel again, yet the country continues to do millions of jobs below pre-pandemic levels. Meanwhile, many workers continue to hesitate to return to face-to-face work, and in many areas where schools and day care are not yet fully functioning, the mystery of childcare remains unsolved.
Here’s what it takes to bring a country 100% back to…