At least one-fourth of the U.S. economy has suddenly gone idle amid the coronavirus pandemic, an unprecedented shutdown of commerce that has darkened stores from Manhattan to Gilpin County, Colo., an analysis conducted for The Wall Street Journal shows.
The study, by the economic-analysis firm Moody’s Analytics, offers one of the most comprehensive looks yet at how much of the world’s largest economy has shut down in the past three weeks, and which states and regions are being slammed the hardest. While the full extent of...
Covid_ImpactRE: Eager to watch what’s happening in tri-state area (NY,CT,NJ) where “slowdown is driven largely by 2 industries: real estate & retail.” Article exposes how inadequate tools are on demand side of residential housing market, need for an OPEN HousingID RE2020 1/
This headline is deeply misleading. It is not the case that, absent state-imposed shutdowns, output now would be what it was before the outbreak. A significant chunk of that loss is caused by businesses and consumers responding to the virus itself.
10,000,000 people lost their jobs the last 2 weeks... that’s 184 Yankee Stadiums.
KOVID19 showed the main economic phenomenon:the state's eco can easily cope with the shortage of political scientists, artists, film/show directors, 'glamour'. And the terrible dependence of them on a doctor,a worker and engineer of the plant, a farmer and the literate President
Ain’t gonna be a whole lot of federal tax funds heading on into Washington to be spread out to places like Iowa and Utah...
So to conquer it and recover soon.⤴️
Time to reopen. We've given enough time for the healthcare system to prepare.
I hope it reminds the CEO's and owners how much they need their workers and show them that in decent pay when they return.
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