Re: Is the US economy suddenly recovering?

Quote from: Juggy777 on June 29, 2020, 12:56:40 PM

It was obvious that in the long run we would have seen the US economy recover, but honestly I wasn’t expecting US economy to recover so fast, or is this just another false positive for us?. I’m referring to the article posted by CNBC where they have shown stats which proves that the US economy has started recovering despite many states yet being in lockdown. What are your thoughts on this, will the US economy recover faster than what we had anticipated?.

Source:

https://www.cnbc.com/2020/06/28/here-are-five-charts-illustrating-the-us-economic-recovery-amid-the-coronavirus-pandemic.html

I don't think so, there are countries which are also having a hard time recovering from economic crisis. Although US is a first world country, as there are also a huge cases in their territory, they will probably have a much harder economic recovery. Even China can't eliminate the virus in their country but their economy is stable, it is just because their products are still circulating globally.

US can do it, but I don't think that this is the time where they can recover their economy. Their government has a lot of sectors that should prioritize including the health sector, agricultural and especially the economy sector. If they want to recover from economic crisis, they should make a plan about opening some business safely.