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By Christen Smith
The Center Square 

Pandemic may cause some permanent job loss

 

Last updated 1/28/2021 at 12:28pm

MetroCreative

The COVID-19 pandemic hit Pennsylvania restaurants on March 16 when Gov. Tom Wolf ordered restaurants in five counties to suspend in-door dining for an initial 14 days, and days later expanded the mandate to the rest of the state. This left restaurants which were primarily dine-in establishments with only two choices: transition quickly to carry-out or close the doors.

Fiscal analysts projected Jan. 21 that Pennsylvania's economic damage from the pandemic will last years, and some jobs may never return.

The Independent Fiscal Office released its five-year outlook that concluded lost economic growth in 2020 will lead to a $2 billion structural deficit – doubling the gap measured before the pandemic hit.

"The pandemic has brought really significant and abrupt economic changes," said IFO Director Matthew Knittel during a presentation of the results on Thursday. "We think some of these changes will be permanent."

The IFO estimates that real GDP shrank 4.1 p...



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