UW economist doesn’t blame government regulations for economic slowdown

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UW-Madison economist Noah Williams said it would be inaccurate to blame government regulation for the economic slowdown that's accompanied the COVID-19 pandemic.

"Economic activity started falling early in March, before there were any restrictions in place," Williams said. "What the lockdowns essentially did was keep that activity at a very low level. Things deteriorated much more quickly than people expected."

Williams, speaking to the Milwaukee Rotary Club, said Wisconsin's hopes for a so-called "V-shaped recovery," with a rapid return to normalcy coming on the heels of a rapid slowdown...

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