Fortune USA – The Coronavirus Economy
Fortune covers the entire field of business, including specific companies and business trends, tech innovation prominent business leaders, and new ideas shaping the global marketplace. Fortune is particularly well known for its exceptionally reliable annual rankings of companies. Fortune furthers understanding of the economy, provides implementable business strategy, and gives you the practical knowledge you need to maximize your own success.
For those in the first line of the coronavirus problem, it’s ultimately about fear. “People are very scared,” said Kathryn Lott, executive director of Houston’s Southern Smoke Foundation, a disaster relief organization for people working in the food and beverage industry. “They all fear that they will lose their homes, and the terror of their words is something I have never experienced. I have worked for many years, during a natural disaster, gunmen, new mothers on the streets and winter children. I never heard of this. ”
Nobody ever heard of this, requests for help from many Americans worked surprisingly fast – over 16 million and counting since the beginning of April. For them, the COVID-19 epidemic has caused combined issues of personal and financial health, threatening disaster for them individually and, in the interconnected world. The biggest challenge that each person faces and the rest of the nation – overcomes both problems. In today’s economy there is no playbook on how to do it.
Fortune USA – The Coronavirus Economy 2020
More than any other recent economic collapse, American consumers are at the heart of this. Not only do they face the threat of illness, but they are also dismissed or eliminated by millions because their workplaces are closed to prevent others from becoming infected. As a result, they will not be able to spend money, forcing many businesses to close, and so forth – “the desired amount of asset creation” said Glenn Hubbard, chairman of the White House Council of Economic Advisers from 2001 to 2003. from demanding home use, “said Matthew Slaughter, a member of the ECA from 2005 to 2007.” Never-the-unwanted shock of spending demand. Its size is huge. ”
For consumers, the injustice of the universe and everything is moving forward. U.S. economy It has long been driven by consumers, and in the last five years consumers have accelerated economic growth more than usual, growing the American economy faster than that of any other major economy. Consumer share of GDP reached 68% longer in the last quarter, higher than what we have achieved with the 2006 to 2008 buyout period preceding the financial crisis and the recession. But unlike at the time, consumers in recent years have increased their purchasing commitments, saving 8% of their lost revenue on average vs. 0% at that time. Household debt reached 99% of GDP in the last boom; By the end of 2019, it was only 76%.
Source :Fortune.com
Fortune USA – May 2020-Piratecs.com
English | 100 pages | True PDF | 54.4 MB
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