(Reuters) – Economic activity is shifting during the pandemic to sectors that do not rely on face-to-face interaction, and Americans most affected by job losses will need help getting back to work, Dallas Federal Reserve President Robert Kaplan said on Wednesday.
People in the industries hardest hit during the pandemic, including women and minorities, will need training, child care and other resources to return to the labor force, Kaplan said during a virtual discussion organized by the Dallas Fed.
The U.S. economy is likely to contract by about 2.5% in 2020 and could grow next year by approximately 3.5%, he said.
(Reporting by Jonnelle Marte; Editing by Chris Reese)
