Next, How will this affect the economy of the United States and World?
First allow me to give a disclaimer I am not an economist 😄
this is just my opinion like everything else in this blog.
The economy has clearly tanked unemployment is on the rise. Businesses are closing. As grim as this sounds, I believe we will rebound. How? one thing that will happen is people will come out of their home to spend money. Six weeks of not going to restaurants, shopping in the local mall, and the list could go on....
I have seen some of the local favorite restaurants in a semi-open carry out only. Once the stay at home order is lifted these places will be pack with people spending money. The result, employees back to work, the vendor's delivering supplies making sales, the farmers who sell to the vendors back to work in the fields. And the heartbeat of the economy starts to beating again. We will survives this, it might take awhile but we will be stronger and thriving again.
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