When the epidemic has not yet been effectively controlled,Many states in the United States have begun to restart their economies。Some industry insiders expressed their views on the economic prospects bet365 mobile betting United States。
bet365 mobile betting continues to rise
U.S. Federal Reserve Chairman Jerome Powell said in a TV interview on May 17,If the epidemic does not recur,The U.S. bet365 mobile betting is expected to begin recovering from a devastating recession in the second half of the year。But he also called it,Before the vaccine is available,It is unlikely that the U.S. bet365 mobile betting will fully recover。Overall,The U.S. bet365 mobile betting will take far longer to return to normal than it will to collapse。
To this,Former Chief Economist of the U.S. International Trade Commission、Peter Morici, professor emeritus at the Smith School of Business at the University of Maryland, believes that the current U.S. bet365 mobile betting is not too bad,But the situation in the future will become less optimistic,And it will last for a long time。Economic recovery will be a slow process,Some of these businesses will close permanently,Millions of workers will lose their jobs。
Cailey Locklair, president of the Maryland Retailers Association, said,The scale of unemployment due to the epidemic is far greater than expected,Many association members are worried that the unemployment number will continue to grow。In Locklear’s opinion,The U.S. bet365 mobile betting is currently experiencing its worst period in history。Mike O’Halloran, Maryland director of the National Federation of Independent Business, also said,Relevant unemployment data in the United States are shocking,Some small businesses cannot avoid bankruptcy even if they lay off employees。
Currently,The unemployment crisis in the United States is getting worse,36.5 million people have applied for unemployment benefits,Unemployment rate rises to 14.7%,Highest since the Great Depression,And bet365 mobile betting is expected to be higher in the future。To this,Powell said,This is a time of great pain and difficulty,It comes so fast,Such a big impact,To the point where people cannot put into words the pain and uncertainty they feel。
The bet365 mobile betting outlook is not optimistic
U.S. Treasury Secretary Steven Mnuchin believes,Employment data will get worse before it gets better。he added,Before the overall bet365 mobile betting begins to recover at the end of the year,It may continue to weaken in the short term。The U.S. Congress has approved a nearly trillion package,Aiming to mitigate the impact of the crisis。The Federal Reserve has also lowered interest rates to zero,And launched 9 loan programs,To support businesses、Cities and Financial Markets。Powell said,Unemployment may reach Great Depression highs of around 25%,But compared to the 1930s,The U.S. banking sector is much healthier now,The Fed is also more capable、More willing to take intervention measures to boost the bet365 mobile betting。
Recent weeks,The Trump administration’s call to reopen the bet365 mobile betting has been criticized by epidemiologists and other experts,They are still worried that the new crown pneumonia epidemic in the United States has not yet been controlled。Democratic Senator Sherrod Brown questioned the White House’s approach: to increase GDP by 0.5%,How many workers need to sacrifice their lives?In Morich’s opinion,The U.S. bet365 mobile betting had a better chance of saving itself,But within a few weeks after the outbreak,Political and business leaders are shirking responsibility。Now,They not only reap the consequences,Ordinary people and workers were also tortured。
As politicians and technocrats judge and debate the economic prospects of the United States,Some scholars have put forward their own opinions。In the opinion of Andrew Duguay, Chief Economist at Privelde Group,Consumer Confidence and Spending、The three major indicators are unemployment, wage levels and manufacturing purchasing managers index,Is an important reference for judging whether the U.S. bet365 mobile betting can get out of the trough。Over the past 10 years,American consumers have always been the strongest pillar of the U.S. bet365 mobile betting。But in March and April this year,Consumer confidence drops at historic rate。American consumers have begun to increase their savings,And plan to control spending in the next 6 months。Many people think,Once the bet365 mobile betting restarts,The unemployment rate will drop immediately,But the extent of the decline in the unemployment rate is the real indicator of the degree of economic recovery。It’s unclear how many companies will be able to bring back all their employees,And how many Americans who were temporarily unemployed were able to find jobs again。At the same time,The manufacturing purchasing managers index is one of the strongest economic indicators of industrial production。The U.S. manufacturing industry has to face a longer road to recovery,This means that the United States can only rely on consumers to lead the economic recovery。
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