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US economy before and after covid 19

US economy before and after covid 19

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Us economy before and after covid-19

The covid-19 pandemic is is causing economic disruption at unprecedented speed and scale. It is easy to imagine way that the covid-19 crisis could have a similar financial effect. Business and consumers alike will default on loans.financial markets are expecting the default rate of large corporations to increase too. Americans banks are better capitalised today then they were in 2008 so they have more of a caution to take losses.

Business rack up losses due to closer layoff have already followed. 22 million Americans have filed for unemployment benefits. Technological glitches I have prevented millions of Americans from receiving their stimulus checks from the u.s. department of treasury. Small business administration which support us entrepreneurs with loans and funding has run out of money for its paycheck protection program.

Due to covid-19 Pande make us consumer prices posted a record drop in this period of April 2020. Jobless claims fell again. Retail sales plunged buy a record for the second month in a row due to covid-19 panda make.U.s. industrial production fail by the most of 101 year of data.

Rahul Sunny answered 8 months ago
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