Q 1. Is the US headed for a recession? Yes or No? Explain why do you think so iefly?Q 2. How is the...

Question

Q 1. Is the US headed for a recession? Yes or No? Explain why do you think so
iefly?
Q 2. How is the coronavirus translating into an economic slowdown in the US?
Ru
ic: Answer in thoughtful paragraph(s) or with 5 or more bullet points with complete 1-3 sentences per bullet point (10 points)
Q 3. How long will any downturn from the coronavirus in the US last?
Q 4. What government, economic or medical developments are needed to turn the US economy back around?
Ru
ic: Thoughtful paragraph with minimum 100 words - include word count in submission (10 points)
Include bibliography with a minimum of five (5) recent (last 7 days) sources (5 points)
For example:
https:
www.bloomberg.com/news/articles/ XXXXXXXXXX/mnuchin-says-doesn-t-expect-u-s-recession-from-coronavirus (Links to an external site.)
https:
www.washingtonpost.com
usiness/2020/03/14
ecession-economy-coronavirus-jobs/ (Links to an external site.)
https:
markets.businessinsider.com/news/stocks/coronavirus-fuel-recession-forecast-us-europe-economic-july-market-jpmorgan XXXXXXXXXX (Links to an external site.)
Note:
No copy and paste from resources (Turnitin).
Remember to footnote quotes and paraphrased thoughts from research resources.
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Neenisha · Accepted Answer

1. Is the US headed for a recession? Yes or No? Explain why do you think so briefly?
According to the analysts at CNBC, Financial market in US are facing worst crisis since 1929. The S&P has plunged by almost 30% since the all-time high in Feb19, markets have halted several times. Because of recent Coronavirus crisis, the economy of US is headed towards recession. All the industries including Restaurant, Air Travel, Manufacturing, gyms etc. are affected badly. Stock markets have experienced wild daily swings and huge losses. Demand, consumption and Production – everything has declined. The Fed has already slashed rates. Analysts believe that the economy will take almost an year to get back to track.
Therefore, we may say that this recession is less than the deep recession of 1981 and 2008 but worse than the mild recession of 1991 and 2001.
2. How is the coronavirus translating into an economic slowdown in the US?
Coronavirus outbreak in the nation is translating into economy slowdown in US in following ways:
a. Due to Lockdown of states in US, it has severely affected several industries like Air travel Industry, Hotel, Tourism, Gyms, Clubs and Casinos etc.
b. Coronavirus has led to negative investor sentiments which is causing market to fall really badly. S&P has fallen almost 30%.
c. Corporations have resorted to work from home to contain the virus,

Q 1. Is the US headed for a recession? Yes or No? Explain why do you think so briefly? Q 2. How is the coronavirus translating into an economic slowdown in the US? Rubric: Answer in thoughtful...

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