Question

Discuss in detail the influence of COVID-19 on the GDP of the USA?

Answer 1

COVID-19 effect America's biggest cities quarantine and lockdown also affecting economy because of this COVID-19 pandemic GDP of America falls stock market also sunk due to this unemployment is increasing in America and economy is going towards recession. It is clear major of the GDP of America is coming from household consumption and people lost their jobs because of this lockdown condition and COVID-19 condition they start saving and spends less because of which GDP of america is going to fall also investment and businesses are closed due to lockdown they are also affecting America's GDP badly.

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