Post
Topic
Board Economics
Re: Is the US economy suddenly recovering?
by
ser7878
on 16/07/2020, 12:54:40 UTC
US is witnessing the second wave of the pandemic recently with over 50k cases recorded recently in a day which goes a long way to tell us the economy recovery will be very difficult. Currently the US government is having a serious argument with the education board that has makes it clear that student will not resume schools. US economy recovery policy is flexible but there is currently no certainty that the economy will recover rapidly
If that is the case, then an economic recovery may take many years. During the last 4-5 days, the United States has reported anywhere between 60,000 to 70,000 cases per day. And remember that this count is even more than the highest daily count we had, even during the peak of the first wave (when states such as New York and New Jersey were affected in April-May).
It surely can may take several years to recover completely. That's some sad news for all of us. But for a matter of fact I think that US govs decision to open cities and start working again is a good one.
Otherwise people would get sick anyway, but our resources would die so quickly without any liquidity on the market.
There were other options, but I don't think they were better