Silicon Valley will recover faster from COVID-19, report says; local economists unsure
Google headquarters in Mountain View are pictured in this file photo.
A Bloomberg report found that according to economic infrastructure and demographic metrics, Silicon Valley ranks first among the top 100 U.S. metropolitan areas most likely to recover from the COVID-19 pandemic the quickest.
“Known for their information technology, electronics manufacturing, venture-capital funding and research universities, the economies in the Bay Area boast industries that have benefited from the pandemic: think Zoom Video Communications Inc., Netflix Inc. and Instacart Inc.,” stated the report.
But while Silicon Valley’s massive tech infrastructure allowed companies to quickly shift to a work-from-home model, South Bay economic minds say the findings, published in June, might be a bit premature.
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