This assignment is on the economic impact of coronavirus in the U.S. An epidemiological threat such as the new coronavirus can have disruptive effects on the economy. The threat can disrupt the global supply of goods, making it harder for U.S. firms to fill orders. Coronavirus economic disruptions and increased uncertainty are evident in the lower valuations and increased volatility in the financial markets. Policymakers should, therefore, immediately undertake several steps to address any economic fallout from the virus. The burden of meeting this challenge falls squarely on Congress and the Trump administration. While the exact economic impact of coronavirus in the U.S. is unknown, it is clear that it poses tremendous risks.
the economic impact of coronavirus in the U.S
CORONAVIRUS ECONOMIC DISRUPTIONS AROUND THE WORLD
The economic impact of coronavirus in the U.S. is the same worldwide. The coronavirus outbreak, first detected in China, has infected people in 185 countries. The spread has left businesses around the world, counting the costs. Coronavirus economic disruptions are evident in FTSE and the Dow, which have seen massive falls since the outbreak began. FTSE and the Dow saw their biggest quarterly drops in the first three months of the year since 1987. Investors fear the spread of the coronavirus will destroy economic growth. Government action, on the other hand, may not be enough to stop the decline. More people filing for unemployment is one of the effects of coronavirus in the U.S.
coronavirus economic disruptions around the world
CORONAVIRUS IN THE US COULD THREATEN THE U.S. ECONOMY EVEN MORE THAN CHINA’S
The economic impact of coronavirus in the U.S. can have worse results than in China. A string of deaths, some heart-stopping plunges in the stock market are all effects of the virus in America. Advanced economies like the United States are hardly immune to these effects. On the contrary, coronavirus in the U.S. outbreak could be even worse for their economies than in China. That is because face-to-face service industries tend to dominate economies in high-income countries more than they do in China. In China, if people stay home from school, stop traveling, and so on, the economic consequence would be worse. Just as the disease poses a particular threat to older patients, coronavirus economic disruptions could be dangerous.
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