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    This is a "high-risk game"

    This is a “high-risk game”

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

    How lucky are Indian children in the United States to get out of a "boarding school" alive?

    How lucky are Indian children in the United States to get out of a “boarding school” alive?

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

    Want to go to Mars? Solve these problems first.

    Want to go to Mars? Solve these problems first.

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    This is a "high-risk game"

    This is a “high-risk game”

    The government recruits "rat control chiefs" with high salaries in New York, USA

    The government recruits “rat control chiefs” with high salaries in New York, USA

    San Francisco "allows mechanical police to kill people" and Pandora's magic box opened

    San Francisco “allows mechanical police to kill people” and Pandora’s magic box opened

    Asia’s first star was online rioted by South Korean netizens

    Asia’s first star was online rioted by South Korean netizens

    scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

    scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

    Schedule of the 2024 Paris Olympic Games announced

    Schedule of the 2024 Paris Olympic Games announced

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

    Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

    Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

    Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

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    This is a "high-risk game"

    This is a “high-risk game”

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

    The government recruits "rat control chiefs" with high salaries in New York, USA

    The government recruits “rat control chiefs” with high salaries in New York, USA

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

    8 cases of hepatitis in children with unknown causes were found in Argentina

    8 cases of hepatitis in children with unknown causes were found in Argentina

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

    Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

    Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

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      This is a "high-risk game"

      This is a “high-risk game”

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      Musk shouted at Bezos: If you want to dominate the space race, spend less time bathing in hot water

      How lucky are Indian children in the United States to get out of a "boarding school" alive?

      How lucky are Indian children in the United States to get out of a “boarding school” alive?

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Japanese billionaires broadcast live in space, saying the next stop is Mariana Trench

      Want to go to Mars? Solve these problems first.

      Want to go to Mars? Solve these problems first.

      Trending Tags

      • Google
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      This is a "high-risk game"

      This is a “high-risk game”

      The government recruits "rat control chiefs" with high salaries in New York, USA

      The government recruits “rat control chiefs” with high salaries in New York, USA

      San Francisco "allows mechanical police to kill people" and Pandora's magic box opened

      San Francisco “allows mechanical police to kill people” and Pandora’s magic box opened

      Asia’s first star was online rioted by South Korean netizens

      Asia’s first star was online rioted by South Korean netizens

      scoring two goals in 90 seconds, Real Madrid "resurreated" in the Champions League to the finals

      scoring two goals in 90 seconds, Real Madrid “resurreated” in the Champions League to the finals

      Schedule of the 2024 Paris Olympic Games announced

      Schedule of the 2024 Paris Olympic Games announced

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Secretary-General of the Qatar World Cup Organizing Committee: Welcome to Qatar

      Chinese women's football team competes in the 2022 Indian Women's Football Asian Cup

      Chinese women’s football team competes in the 2022 Indian Women’s Football Asian Cup

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

      Djokovic issued a statement: Extremely disappointed with the judgment of the Australian court

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      This is a "high-risk game"

      This is a “high-risk game”

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      A hospital in Paris was forced to cancel surgery to transfer patients due to cyberattacks

      The government recruits "rat control chiefs" with high salaries in New York, USA

      The government recruits “rat control chiefs” with high salaries in New York, USA

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      The United States reported 180 cases of hepatitis in children with unknown causes, spreading to 36 states and territories.

      8 cases of hepatitis in children with unknown causes were found in Argentina

      8 cases of hepatitis in children with unknown causes were found in Argentina

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Students in many parts of the United States went on strike to protest against the severity of the school epidemic and asked officials to take practical measures to prevent the epidemic

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      Belgian fighting champion dies of COVID-19: Refuses to go to hospital before death, saying that COVID-19 is just a small virus

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      With the increasing number of confirmed cases of COVID-19, the Indian capital New Delhi will impose a curfew on the 27th.

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      255 U.S. personnel have been diagnosed with a cluster infection in U.S. military camps in Okinawa Prefecture, Japan

      Israeli Prime Minister Bennett is quarantined due to his daughter's diagnosis of COVID-19

      Israeli Prime Minister Bennett is quarantined due to his daughter’s diagnosis of COVID-19

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      Even if there is a vaccine, the economic outlook and pandemic situation of the United States are still unclear.

      December 16, 2020
      in Business, Health, Politics
      0
      Even if there is a vaccine, the economic outlook and pandemic situation of the United States are still unclear.

      △ During the epidemic, Macy's debt pressure intensified. Photo Source: Bloomberg

      With more than 300,000 deaths and millions displaced, hope for a coronavirus vaccine seems to be at hand, but the U.S. economy is facing a dark winter and most economic activity is still at a standstill.

      According to the data recently released by the U.S. Department of Labor, 245,000 new non-agricultural jobs were added in the United States in November, far below the market’s expected 400,000 non-agricultural jobs.

      As the number of confirmed cases and deaths of COVID-19 soars to record highs, states are implementing new restrictions, which may lead to more unemployed people. The U.S. economy could shrink nearly 3% at the end of 2020 compared to the beginning of the year, according to Bloomberg.

      The U.S. economy is facing a severe winter.

      According to the latest data released by Bloomberg Economics, at a time when the American people are waiting for a coronavirus vaccine and the U.S. Congress is struggling to agree on a new stimulus package, almost every economic indicator has not improved, and the U.S. economic recovery faces serious challenges.

      Reservations fell for the fourth consecutive week, down about 65% compared to the same period last year, according to OpenTable, a restaurant reservation platform. The number of people applying for unemployment insurance has soared to a four-month high, indicating that the large number of business closures is putting great pressure on the U.S. labor market. Meanwhile, more than one-third of the unemployed in the United States have been unemployed for 27 weeks or more.

      Some industries in the United States have recovered slowly.

      A Bloomberg analysis of financial data from 3,000 large U.S. listed companies found that one in five companies were not profitable enough to pay interest on their debts and became “financial zombies”, including Boeing, Delta Airlines, ExxonMobil and Macy’s. They have added nearly $1 trillion in debt on their balance sheets since the pandemic.

      In addition to large listed companies, a large number of small and medium-sized enterprises are also at a standstill and have to rely on federal assistance. Richard Buckham, global chief economist of CBRE, said, “If the U.S. economy gradually recovers and federal aid is eventually cancelled, the result is likely to be a surge in the number of bankrupt enterprises. Even with more and more Americans getting vaccinated, it could be too late for many businesses.”

      He also said that the recovery of most commercial real estate, such as office buildings and shopping malls, will take two or three years to recover.

      Chris, a souvenir dealer in Pennsylvania, said: “I hope tourists will come back in front of my eyes and the shopping mall in front of my home will reopen. If visitors return and the COVID-19 vaccine does work, we may return to the pre-pandemic life. But it remains to be seen.”

      △ Affected by the epidemic, Pennsylvania streets have lost their former excitement. Photo Source: Bloomberg

      Bloomberg commented that it is difficult for the United States to achieve economic recovery in the short term, and even with the coronavirus vaccine, the goal of returning to the pre-epidemic state at the beginning of next year seems to be far away.

      The number of COVID-19 deaths in the United States will continue to rise.

      Several U.S. media reported that in the past week, nearly 17,000 people have died of COVID-19 in the United States, with an average of more than 2,400 deaths in a single day, the highest since the outbreak of the epidemic, equivalent to one death every 40 seconds.

      Public health experts say the number of deaths from COVID-19 in the United States will continue to rise this winter, and vaccines will do little to slow the “torrent of the epidemic” this winter.

      The University of Washington Institute of Health Metrics and Evaluation models predict that even with the expected vaccine launch, the number of COVID-19 deaths in the United States will be about 530,000 by April 1, 2021.

      △ Forecast Report Released by the Institute of Health Indicators and Evaluation of the University of Washington

      Jason Schwartz, assistant professor of public health at Yale University, said that in the coming months, the American people will still need to wear masks, maintain social distancing and avoid participating in large gatherings.

      “Vaccines are a new weapon that we are extremely valuable and desperately need in the fight against the pandemic, but it’s not the only weapon we have, and we cannot use it as a substitute for those weapons we’ve always had (masks, social distancing)” he said.

      Tags: PandemicUnited States

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