WEST PALM BEACH, Fla. — As we await to hear plans about reopening the economy in phases, there are many questions.
A drafted plan to reopen the U.S. economy step-by-step is expected to be announced by President Donald Trump, but will it be different for every state and local government?
"We're expecting the peak to come within the next couple of weeks in Florida, so that would be the exact wrong time to start loosening up any social isolation," said Dr. David Dodson, an infectious disease specialist in West Palm Beach.
Dr. Dodson said it becomes a question of what matters more.
"What is the cost to society of a human life?" said Dr. Dodson.
On the other side, economist Ken H. Johnson said a long-term shutdown of the economy could have detrimental effects.
"The longer that we stay in this, the longer it will take to recover and the greater the impact, the economic impact. We should see perhaps significant drops in equities and housing values if we stay in this for a number of months," said Johnson.
Paul Baltrun, the President of Key One Capital Mortgage, believes there is something even worse than in indefinite shutdown.
"The biggest risk is trying to open back up the economy and then have to re-close it again back in the fall or sometime in the future. That could be the worst thing that could happen," said Baltrun.
