We should keep in mind, though, that that will not stop the tendency towards extremes of optimism and pessimism - that’s just human nature. All that said, any legacy from all this has not stopped a recovery in the US economy from beginning, even though it may well have some impact on the shape of it.
Over recent months, people have switched from debating the possible size of the downturn to talking about the likely strength of the upswing. The spurt of US growth in the March quarter was largely driven by a rise in production in the goods-producing part of the economy, where previous levels of production had been sufficiently low that inventories of goods had been falling.