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Corona-Crisis-Barometer: Thanksgiving casts its shadow

Dr. Thomas Gitzel, Chief Economist
Reading time: 2 Min
Rising US infection rates could increase again

VP Bank Corona crisis barometer

Last update: 24 November 2020

The current Thanksgiving week is a nightmare for US virologists. There is great fear that the already rapidly rising infection rates in the USA will pick up speed again after this week. Thursday will be the biggest family celebration in the USA. There is no travel ban. However, the Center of Disease Control (CDC), an agency of the Department of Health, advises people to stay at home.

United Airlines is now experiencing its biggest flight rush for the days around Thanksgiving since the pandemic began. This is also reflected in our crisis barometer. Passenger volumes at US airports are rising significantly in a week-on-week comparison and are even compensating for the falling demand for electricity in some US states. The rise in our barometer is probably bad news for the further spread of the virus.

On the barometer: The measures taken to control the spread of the coronavirus have been drastic. The global economy is severely impaired, resulting in an unprecedented drop in gross
domestic product (GDP). The question is now, how fast the economy will rebound if the restrictions are lifted.

The VP Bank Corona Crisis Barometer tracks how well the economy is recovering.

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