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The Economy To Continue ‘Bustling Forward’ and More of What You Need to Know for June

Like the real effect the pandemic has had on patients seeking out eyecare.




The Economy To Continue ‘Bustling Forward’ and More of What You Need to Know for June

Eyesight and the Pandemic

A survey of more than 1,100 people with corrected vision conducted in April found that 2 in 5 admit their eyesight has worsened since the onset of the pandemic. But many are not ready to seek help. One in 3 admits to not getting their eyes checked, and 25% have avoided getting an eye test despite knowing they need one. All of that out of a study commissioned by the Aliso Viejo, CA-based, a group of expert ophthalmologists and ODs looking to provide trusted information on eye health and vision. The study found 1 in 3 drivers say they’ve driven with an outdated eyesight prescription, while 3 in 10 admit to driving without Rx glasses or contacts altogether.

Economy to Continue ‘Bustling Forward’

Fast economic growth could slow somewhat as the Fed tries to rein in inflation in coming months, but consumers are likely to keep shopping as lower inflation eases uncertainty, said National Retail Federation Chief Economist Jack Kleinhenz. He said household finances remain strong despite worries over inflation and Ukraine. March’s 4% on-year increase in retail sales showed consumers are willing to spend due to job growth, wage gains and wealth accumulated during the pandemic. His comments were made in the May issue of NRF’s Monthly Economic Review. The NRF predicts retail sales for 2022 will increase 6-8% to $4.86 trillion-$4.95 trillion.

Increase in Virtual Care

GlobalData reports a major change in healthcare with a shift to virtual care to reduce the burden on overloaded hospitals and minimize patients’ exposure to coronavirus. The pandemic has aided growth of virtual care by harnessing new technologies such as 5G, AI, cloud, Internet of Things (IoT) etc., making telehealth and remote monitoring routine. It reports deals related to virtual care were worth $57 billion in 2021, an on-year increase of 137%. Since 2017, deals related to virtual care have more than doubled. It said virtual care is here to stay as digitization of healthcare will expand healthcare systems to rural areas and underserved people and improve the quality of healthcare management.




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