amid a global crisis caused by the coronavirus pandemic and the collapse in oil prices, before the US economy is the looming threat of stagnation. That the country will face a long period of weak growth warned fed Chairman Jerome Powell, his words leads Reuters.
According to him, the shock suffered by the economy from COVID-19, became the strongest in history, and called for increased fiscal incentives for normalization. “The scale and speed of the current economic downturn is unprecedented, the current recession is much worse than any other, celebrated after the Second world war,” he said.
Different opinion about the situation in the economy follows the US President Donald trump. He believes that the country, on the contrary, it enters a phase of transition to greatness after the recession. Trump hopes for a jump in demand next year and promises that 2021-1 going for a Grand economy.
