Travel and tourism: Key factors in New Jersey's economic recovery

The economic casualties of the pandemic are all around us--shops and restaurants shuttered, entertainment venues closed indefinitely, casinos limited to minimal visitors, and much more. As New Jersey begins the slow move towards reopening, the downstream effects of COVID-19 will continue to be visible for a long time. Stuart Shapiro and Michael Lahr, Distinguished Research Professor and Director of the Rutgers Economic Advisory Service (R/ECON) discuss some of the economic impacts facing New Jersey businesses with a particular focus on tourism, and how the inability to travel will affect the state's economy in the year ahead.