Coronavirus gave a really hard time to the economies of the nations, especially to the U.S. With more than 548,359 deaths in the country, the economy of the country plummeted drastically to the record low. However, according to the report by Goldman Sachs, the blue days are soon to beat their retreat from the United States.
Waldron says mergers and acquisitions are good for companies’ revenues, but they can leave many people in the US without any job.
Unemployment rate has reduced since March but there is a new aspect of problem that deserves attention- prolonged unemployment.
The global recession induced by the coronavirus outbreak due to the shutdown of businesses, states, and cities, is unfathomable. Experts even suggest that the US might be in for a very grave time with its economy worse than the time after the Great Depression.