Question

make a comment regarding the future state of the US economy.

Answer 1

With the recent coronavirus outbreak, there will be driving changes which will lead the US economy through a different trajectory of growth. The economic growth in the US economy has been slow over the few years. The future growth of the US economy will continue to be slow, with slow manufacturing rates, slowing international trade and drastic fall in the investment rates in the country. With coronavirus, the supply chains of many companies has been cut down as the major supplier was China. There is also a decline in the global commodity prices particularly the oil prices which will result in a reduction in the private investment spending. With tough measures of isolation and social distancing in place, there is a near stop down of the economic activities which means a reduced economic activity. The unemployment numbers will also increase with massive layoff of thw workers in many companies. The financial markets are also experiencing a crash which further will affect the growth trajectory of the economy.