46

The U.S. Economy Vs. COVID-19 by Delmy B. Rodriguez

Posted on by drodriguez9

Delmy B. Rodriguez

Christina Kulich, Instructor

POP-20SMU-GVT-180-D

07/29/2020

The U.S. Economy vs. COVID-19

As the novel coronavirus (COVID-19) flows through America’s biggest cities, its effect is being felt far beyond the over five million Americans who are confirmed infected. The economic impact of the COVID-19 pandemic in the United States has been largely disruptive. It has adversely affected travel, financial markets, employment, a number of industries, and shipping. “The U.S. economy suffered its biggest blow since the Great Depression in the second quarter as the COVID-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus” (Mutikani).

COVID-19 Will Hit Nearly Every Corner of Washington's Economy ...

As the nation struggles to contain a rapidly spreading pandemic, hundreds of thousands of people are fighting for their lives and the U.S. economy is in danger of lurching to a halt putting millions of livelihoods in danger. The lockdowns and quarantines that are needed to fight the virus’s spread are also freezing the economy with unprecedented force and speed. 

The coronavirus pandemic and the government’s response to reduce its effects have drastically altered the U.S. economic outlook. The pandemic and the resulting reductions in social and economic activity, however, have altered that trajectory. According to Berkley News, “The COVID-19 pandemic is confronting every level of the U.S. economy with an unprecedented challenge, and the government must mount a sustained, ambitious economic response lasting months and perhaps years.” (Lempinen). One key risk is the number of businesses that are forced to close during the lockdowns. The more business closures and the more layoffs that result the higher the cost of the crisis will be. The COVID-19 pandemic precipitated a historic shuttering of the economy in March, guaranteeing that the broadest measure of economic wellbeing real quarterly GDP growth would reflect some of the devastation in the first quarter.  “The challenges that underserved communities face differ widely, depending on, among other things, the severity of the problems and resources for tackling economic development…” (Carol).  What happens next will largely depend on how the Covid-19 crisis evolves. In the best-case scenario, the virus will be contained in the near future and the economy will start to gradually see a rise again.

 

References

Edward Lempinen| April 10, 2020April 15, and Edward Lempinen. “COVID-19: Economic Impact, Human Solutions.” Berkeley News, 15 Apr. 2020, news.berkeley.edu/2020/04/10/covid-19-economic-impact-human-solutions/.

Carol, Dan. “This Is How Cities Can Emerge Stronger After COVID-19.” U.S. News & World Report, U.S. News & World Report, 20 July 2020, www.usnews.com/news/cities/articles/2020-07-20/how-local-governments-can-emerge-stronger-from-covid-19.

Mutikani, Lucia. “COVID-19 Crushes U.S. Economy in Second Quarter; Rising Virus Cases Loom over Recovery.” Reuters, Thomson Reuters, 30 July 2020, www.reuters.com/article/us-usa-economy/covid-19-crushes-u-s-economy-in-second-quarter-rising-virus-cases-loom-over-recovery-idUSKCN24V0FO.

 

Print Friendly, PDF & Email
Uncategorised

drodriguez9

More Posts

46 Comments

  3. Keep up the fantastic work, I read few articles on this site and I conceive that your blog is rattling interesting and contains bands of wonderful information. visit my site: AGEN SLOT ONLINE TERPERCAYA

  4. Bonanza 138 merupakan salah satu situs agen slot online terpercaya yang telah terbukti akan membayar berapapun jumlah kemenangan anda dan proses deposit dibawah satu menit saja.

  17. GAN88 sebagai situs slots online gacor paling dipercaya ini hari yang sediakan bocoran keuntungan mesin slots gacor terkini 2022. Sudah pasti sekarang ini telah banyak banyak muncul situs slots online terkini dan tidak terhitung banyaknya. Tapi situs GAN88 selalu selalu memberi kelegaan dan kebebasan untuk beberapa pemain untuk bermain dan nikmati mesin permainan slots gacor terbaik ini hari. Tetapi, beberapa orang salah paham akan situs slots online pada sekarang ini hanya karena di GAN88 lah pemain dapat menang jekpot slots gacor dengan mudah. Sudah pasti GAN88 telah datang di Indonesia dari dahulu saat bahkan juga saat sebelum banyak muncul jumlahnya situs slots online gacor yang lain. GAN88 sediakan sejumlah fitur slots online terkomplet satu Indonesia karena fokus slots gacor GAN88 ialah membuat anggota senang dan suka saat bermain mesin permainan judi slots online.

  18. how to throw a sinker are pitches that have a downward movement. They are used by pitchers who want to keep hitters guessing. These pitches are similar to the fastball, but the movement is much slower. The main difference is the use of the index finger, which is parallel to the seams. The follow-through should also be similar to a fastball. Pitchers should avoid placing extra pressure on the middle finger, which adds extra spin to the pitch, causing it to drop as it crosses the plate. Sinkers have a lot of incidental horizontal movement.

  31. Ugsima agen situs slot online terbaik dan terpercaya yang memiliki persentase kemenangan tertinggi sehingga memudahkan anda untuk mendapatkan jackpot maxwin.

  32. QQANGPAO Selamat datang di QQANGPAO, Website Slot online Paling Populer dengan pilihan game terbanyak, menjadi salah satu pilihan terbaik bagi semua pemain yang bergabung menjadi member QQANGPAO, Modal cukup 10k pasti jackpoT

  39. Buy138 adalah salah satu penyedia permainan game online yang sudah di percayai oleh para pecinta judi slot online di indonesia.

Leave a Reply

Your email address will not be published. Required fields are marked *