Post
Topic
Board Economics
Re: Is the US economy suddenly recovering?
by
Vishnu.Reang
on 15/07/2020, 11:51:51 UTC
@Vishnu.Reang yea the US economy is faltering again, and the recent surge in cases is the primary reason why the economy has started falling downwards again. Further the jobs sector which had gained in June has also gone down, and this is not a good sign for the US citizens. Lastly I’m not sure how will Trump be able to accelerate the economy by September, as he had claimed that by September US economy will be back on track.

Sources:

https://www.bloomberg.com/news/articles/2020-07-11/five-real-time-charts-show-signs-economic-recovery-is-faltering

https://www.politico.com/news/2020/06/06/trump-recovery-summer-304384

Trump can say whatever he want, but as of now I am skeptical whether there would be a rebound in the economy by September. A rebound may only occur if the pandemic can be contained. And under current circumstances, it is impossible to contain the pandemic unless a vaccine is made available. And all that is going to take a long time. And let's not forget the fact that the US federal debt is at a historical peak. That further reduces Trump's maneuvering space.