the US Economy was always able to recover quickly, but this time the country will experience the most prolonged crisis in history, says the Danish newspaper Berlingske.
According to the author of the material, the coronavirus has dealt US a severe blow. In the second quarter, the largest economy in the world experienced the biggest slump in the postwar period. The fall in GDP was 32.9 percent compared to the same period last year.
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.
In the sharp recovery outside the White house no longer believes, the newspaper writes. The head of the Federal reserve system (FRS) Jerome Powell said earlier that “economic development will largely depend on the spread of the virus”. However, the number dying from COVID-19 again is more than a thousand people every day.
In March, the U.S. Senate decided to send two trillion dollars to support the economy of the country in may, the government has allocated three trillion dollars for this purpose. In July began discussing a new package of measures in the amount of a trillion dollars.
