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How car rentals explain the 2021 US economy

The industry shows how economic decisions in 2020 are having serious implications in 2021

September 21, 2021 / 07:06 PM IST
How car rentals explain the 2021 US economy

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Quoctrung Bui and Neil Irwin Few markets better crystallize the topsy-turvy nature of the American economy during the pandemic than the rental car business. The industry shows how economic decisions made in 2020 keep having serious implications in 2021. While most other industries have experienced less severe swings, the same basic dynamics applies. This dynamics explains why inflation and product shortages spiked earlier in the year — and why they are starting to abate but are not yet close to pre-pandemic...

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