The U.S. economy contracted sharply in the first quarter of 2020

[whyrqa]

Already in the first quarter of 2020, US GDP fell by almost 5%. In addition, many economic experts express their opinion that the US economy has already theoretically reduced by 40%. almost 26 million people applied for unemployment benefits. These are only hypothetical data, which can be even more if real and more detailed calculations are made. but it should be noted that the consequences of quarantine because of the pandemic affected not only the United States, but also other developed countries of the world. according to the UN, more than one and a half billion people will soon be without means of subsistence. I believe that the best way out of this situation is the introduction of other rules and regulations of precautions and restrictions in order not only to save the economy, but also to save people’s life, to give their father-in-law the opportunity to work in all types of business, but under strict state control over compliance with the rules and using individual means protection.

[PavelMed]

Already in the first quarter of 2020, US GDP fell by almost 5%. In addition, many economic experts express their opinion that the US economy has already theoretically reduced by 40%. almost 26 million people applied for unemployment benefits. These are only hypothetical data, which can be even more if real and more detailed calculations are made. but it should be noted that the consequences of quarantine because of the pandemic affected not only the United States, but also other developed countries of the world. according to the UN, more than one and a half billion people will soon be without means of subsistence. I believe that the best way out of this situation is the introduction of other rules and regulations of precautions and restrictions in order not only to save the economy, but also to save people’s life, to give their father-in-law the opportunity to work in all types of business, but under strict state control over compliance with the rules and using individual means protection.

What precautions and limitations are you talking about if people have nothing to eat. Here only if the fence around your house is big to put. But maybe you meant that the states of all countries should get together and make decisions that will save people. Turn to wealthy people in your own country. Are the poor so much worse than the rich that they must starve to death?

[fullhdpixel]

Easing the lockdown and letting people go back to their job might be a good idea if they are to help their economy rise back. But another bad news is that many people have lost their jobs because of this coronavirus. And apart from that they are having a serious protest (should I really count that in, cause there are other countries doing the same?).

But, I believe when the economy is opened and people starts working again, it’s going to help boost the economy again. It has been this same way for most countries, and a lot of people fear that there will be a recession soon. In my country it’s going to be the issue of food because there is no way to import since borders are closed.

[stompix]

I waited for a week before commenting on this and experience on my own how the economy would react once things opened, as in my current country we're almost on the last few restrictions which don't really affect the economy that much.

From the start I was a bit pessimistic, or should I say optimistic about that 40% downturn, I don't think it will come near that.

Here we're experiencing some sort of relaunch and I'm not really sure it's just a dead cat bounce, as it seems like a real start over.
Constructions are back almost at full power, almost all the construction sites in the new neighborhood east of the city are working full time, most of the factories except the ones with cases are working between 75-100%, and it seems that a whole start-up almost at the same time in Europe has managed to keep the logistic chains working without many hiccups.
Of course, there is tourism, but we're relying more on city breaks than full 7-12 days holidays, and most of our tourists are also from the EU, so we won't be suffering like other countries which must convince them to fly 12 hours and not be scared of the thoughts of getting stuck abroad.

The US might be hit harder, but I doubt even with those numbers regarding unemployment that this crisis will be indeed the biggest and worst we have seen in the last centuries. As for the response against the virus, I love how the democrats and other leftist papers in Europe are criticizing Trump but they are so quiet about Sweden, every democrat, when asked what economic/healthcare/policing model should be followed, is pointing to Sweden but this time their fingers are frozen stiff.