COVID-19 Anniversary: UC Irvine Economics Professor on O.C.’s Pandemic Economy and Recovery

COVID-19 Anniversary: UC Irvine Economics Professor on O.C.’s Pandemic Economy and Recovery

Amihai Glazer, UC Irvine professor of economics, emeritus, and author of a textbook on price theory, looks at O.C.’s pandemic economy and recovery. “We could look at where the (economic) decline was worst: air travel, local retail, going to a store, restaurants. I don’t think they’ll go up to the level before the pandemic, but some things that have declined greatly probably will improve. Housing is another possibility. People are tired of their old furniture or drapes in their houses and may want to remodel or buy a bigger house. One can imagine that taking off.”