"Predict the short and long-term economic impact on the US economy due TO COVID-19. In 500 words or...

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"Predict the short and long-term economic impact on the US economy due TO COVID-19.  In 500 words or greater, using 8 credible sources to support your point of view, predict the condition of the US economy in the 2,6 and12 months. Also, give a 2 year outlook on the US economy as well. Use a comparative economic view of the current COVID-19 conditions to Antonine Plague, 1918 Influenza, Flu 1968, Black Death and the Plague of Justinian and predict the short and long-term impact of the US economy. Compare the durations, technologies and medical advances as well as the resources available to help. Note: I am not asking for your unsupported opinion. The best paper will use no less than 8 sources to make their clearly reasoned position. Also, I’m am not seeking the medical view of COVID-19 only the financial impact of the condition on the economy."

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Last Name:	
Title: Impact of COVID-19 on the US Economy
Contents
Introduction	3
Impact of COVID-19 on the Economy of United States	3
Conclusion	5
Work Cited	6
Introduction
	With the outbreak of the COVID-19 pandemic, the economy of US has been suffering a major setback and has been largely disruptive. The pandemic has adversely affected the production industry, the supply chain, the tourism industry and has been interfering with the employment of the people. It is therefore, essential to understand the short-terms and long-term impact of COVID-19 on the economy of United States. 
Impact of COVID-19 on the Economy of United States
	It is understood that the attack of corona virus on Americans has now gone far beyond the health conditions of the Americans, who have been infected. The lockdowns and quarantines have brought the economy of US to a still. It has been observed that the unemployment rate of the country has increased by 11.1% over the period of 12 months (Foreign Policy Research Institute). The US economy has shrunk by 4.8% over a period of 6 months and has increased to 5% over a period of the last two months (Trading Economics). Considering the economic outlook of United States over a period of last two years, it can be inferred that the GDP growth of the country was 2.9% in the year 2018 and was 2.3% in the year 2019 but due to the outbreak of this pandemic the GDP of the country has declined by 5.9%.
	On comparing the economic conditions of United States during the periods of various pandemics that have taken place in the past to the economic conditions during the COVID-19 pandemic, it is evident that economical disruptions have affected the country badly. As mentioned in the Ancient History Encyclopedia,

"Predict the short and long-term economic impact on the US economy due TO COVID-19. In 500 words or greater, using 8 credible sources to support your point of view, predict the condition of the US...

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