Under the leadership of Andrew Cuomo, who has profited immensely from the pandemic, New York’s economic recovery is the worst in the nation.
According to The Daily Wire:
New York is experiencing the most sluggish economic recovery in the United States — a reality that is reportedly slowing other states’ rebounds.
The Back-to-Normal Index — a project of Moody’s Analytics and CNN Business tracking economic recovery from the lockdown-induced recession — shows that states which avoided or quickly removed COVID-19 regulations outperformed states that lingered in reopening.
Two weeks ago, the project indicated that South Dakota and Florida became the first states to surpass their pre-recession strength, respectively operating at 106% and 101% of former capacity. Gov. Kristi Noem (R-SD) never mandated a lockdown, while Gov. Ron DeSantis (R-FL) was among the first to end his lockdown order.
Today, South Dakota is performing at 109% pre-COVID strength. Idaho (104%), West Virginia (101%), Montana (101%), and Florida (101%) continue to lead the nation in economic recovery.
In the past two weeks, New York went from last at 79% to last at 83%. Can New York ever recover? Only time will tell.