Many people think of Easter as an unremarkable, vaguely religious holiday. We all go through the motions, see advertisements about chocolate rabbits and egg decorations, and then move on to Monday without much thought.
But this year, we don’t see the same advertisements. Retail and consumption expenditures have declined sharply even after accounting for online purchases. Streets and coffee shops are empty and people are staying indoors as a result of the COVID-19 pandemic.
Read Full Article »