Monday, April 15, 2024

CoBank: U.S. economic recovery hinges on virus control and consumer confidence

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DENVER — Rural industries are grappling with how to adjust their businesses to remain relevant and sustainable in the face of the coronavirus pandemic. Agricultural supply chains have been massively disrupted and lost revenue. Water and power suppliers have adapted as commercial customers went dark and demand shifted to residential customers.

According to a new quarterly report from CoBank’s Knowledge Exchange, the recent rebound in the U.S. economy is real, but the sharpest post-shutdown economic gains are almost certainly behind us and a long grind to shore up a shaky economy lies ahead.

“Economic data prior to the. . .

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