Danish journalist spoke about "severe impact" on the U.S. economy
The U.S. economy, which always quickly recovering, will experience the most prolonged crisis in history. This opinion was expressed in an article in the Danish newspaper Berlingske.
The coronavirus has caused the United States a severe blow, the author writes Ulrik Harald Bi. In the second quarter of the year the American economy experienced the largest decline in the postwar period: the fall in GDP was 32.9% compared to the same period of 2019, he said.
The decline in economic activity and the highest level of unemployment since the 1930-ies brought down tax revenues and government spending increased. Also decreased consumption fell, business investment and housing construction, the number of new applications for unemployment benefits began to grow again, according to the material.
In March, the authorities sent two trillion dollars to support the economy in may, the government has allocated three trillion dollars. In July, it began a discussion of allocation of additional trillion dollars, reminds the author.
The US has always had a good ability to recover, but this time they will probably have to fall into the abyss created by the coronavirus even lower before recovery can begin, sums up the publication.
The number of identified cases of infection with the new coronavirus in the United States in recent days increased by 57.5 thousand, has died more than 1.3 thousand people. For all time in the United States revealed 4 771 519 839 infection and 156 deaths. After infection recovered more than 1.5 million people.