President Donald Trump is agitating for a rapid reopening of the U.S. economy to help reverse the damage quickly, hoping a swift bounce back would boost his reelection prospects in November. But the recovery is likely to be weighed down by severe damage to the private sector and a resistance to returning to the old normal, keeping the jobless rate still near 10 percent — the high of the Great Recession — by the end of 2021, a year into the next presidential term in office…

“We have to be utterly realistic about this because there is political fantasy out there and then there is economic reality,” said Joseph Brusuelas, chief economist at consulting firm RSM. “It is going to be years before we recover all of these lost jobs and as much as 25 percent of them aren’t ever coming back.”

Brusuelas added that the “next step is to discover if we suffered a fundamental economic break that is permanent. And it would appear the answer to that is yes.”