Dr. Andrew Malik, partner and chief economist at O'Keefe, consumer confidence is everything. Just opening everything back up might not mean everyone returns.
"There are a lot of folks, especially the elderly, that are not wanting to get out because of Covid and that is the reality," he said. "Consumption is very hinged on getting people vaccinated.
"In my opinion, vaccinations are really critical to the growth of the US economy."
He says even for those who don't want to get vaccinated, that if enough of the population does, things can get better. Malek says by 2022 he sees things getting back to normal growth.
For more of the interview, watch the video above.