NPR

Restarting The Economy 'Is Not Just Flicking On A Switch,' Economist Says

Economist Mohamed El-Erian talks about the current economic crisis and what it will take to get out of it.
The Fearless Girl statue stands in front of the New York Stock Exchange near Wall Street on March 23, 2020 in New York City. (Angela Weiss/AFP via Getty Images)

Economist Mohamed El-Erian says “no one knows” how long the current economic crisis will last.

But one thing is for sure: Restarting the economy is a lot more than just “flicking on a switch,” says the chief economic advisor at Allianz and president-elect of Queens College.

Even then, the post-coronavirus economy will look very different. For one, businesses are going to start prioritizing resilience over efficiency.

In the past, companies “had really bought into global supply chains because you can minimize

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