White House economic adviser Larry Kudlow said on the 7th that the surge in confirmed cases of the novel coronavirus will affect the U.S. economy to achieve a “V-shaped” recovery.
Kudlow said in an interview with The Washington Post that he believes that the United States is “in the process of a u2018V-type u2019 recovery”, but given that the spread of the coronavirus may intensify during Christmas, “this recovery is threatened”.
On December 5, at a coronavirus testing site in Los Angeles, California, the United States, people put used kits into recycling containers after testing. Due to the heavy pressure on the health care system caused by the worsening of the coronavirus epidemic in the past few days, the California public health department announced on the 5th that a large number of regions, including southern California and parts of central California, will implement “stay-at-home orders” from 23:59 local time on the 6th. Xinhua News Agency/American League
According to the data of the U.S. Department of Commerce, after a record decline of 31.4% in the second quarter of this year, the real gross domestic product (GDP) of the United States increased by 33.1% at an annual rate in the third quarter. U.S. President Donald Trump said at the end of October that this was the “best” economic performance in U.S. history and an example of the “V-shaped” recovery of the U.S. economy.
The United States is the most serious country in the world, with more than 14 million confirmed cases and more than 280,000 deaths. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said earlier on the 7th that the number of confirmed cases of the novel coronavirus in the United States will surge in mid-January next year due to the holiday that began at the end of the year.
Snow covered Christmas ornaments in Marlborough, Massachusetts, USA on December 5 The northeast of the United States has been hit by blizzards recently. Xinhua News Agency/American League
The Russian Satellite News Agency reported on the 7th that the recent recovery of the U.S. job market has been weak. In May this year, the U.S. job market began to recover, with 2.5 million new jobs in June; 4.8 million new jobs in June; but less than 700,000 new jobs were added in September and October, and only 245,000 new jobs in November.
Data released by the U.S. Department of Labor on the 4th of this month showed that the unemployment rate in the United States fell 0.2 percentage points month-on-month to 6.7% in November. The Department of Labor believes that the U.S. job market continues to improve, but the pace of recovery has slowed down recently.