Both the World Bank and the International Monetary Fund have projected a negative growth in the US in 2020
US President Donald Trump has favoured safe and phased reopening of the American economy, which has been devastated by the coronavirus pandemic that has killed more than 50,000 people and infected over 800,000. More than 95 per cent of the country’s 330 million people are under stay-at-home order as a result of the social mitigation measures including social distancing till May 1. Trump on Thursday indicated that this might be extended beyond May 1, but forcefully advocated the need to gradually open up the economy that is safe.
In the past few weeks, more than 26 million Americans have filed for unemployment benefits and the figure is soon likely to cross 40 million. Unemployment in the US is swelling to levels last seen during the Great Depression of the 1930s, with one in six American workers thrown out of a job by the coronavirus, according to a data quoted by the Associated Press. Both the World Bank and the International Monetary Fund have projected a negative growth in the US in 2020.
“To keep America gaining momentum, every citizen needs to maintain the vigilance, and we all understand that very well we’ve gone over it many, many times this includes practising good hygiene, maintaining social distance, and the voluntary use of face covering,” he said. “Safe and phased reopening of our economy it’s very exciting, but it does not mean that we are letting down our guard at all in any way; on the contrary, continued diligence is an essential part of our strategy to get our country back to work to take our country back,” Trump added…Read More
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