[The US] isn’t a functioning currency union; it’s more like a modern day Hunger Games for the pandemic generation.
If America’s employment crisis drags on, it will deal a severe blow to the world economy.
In the United States, the democracy with the most prosperous economy in the world, the response to the virus has been disappointing and inadequate.
While most major economies, especially the U.S., have acted quickly and put together impressive stimulus measures, as of now, the policy stimulus does not appear to be nearly enough.
<i>The infection numbers for the United States are now higher than those for China, and the superpower’s economy is in free fall. The consequences will be felt across the world.</i>
No one can say when the United States is going to recover from this dual crisis – the COVID-19 pandemic and the current recession. [Read more]
If Trump had paid attention to the seriousness of the situation in February ... Ford and ... General Electric could have made respirators available to U.S. doctors by the middle of April.
Trump’s approach, which combines paranoia with narcissism, has caused the United States to lose prestige, reputation and legitimacy.
[I]f the Fed continues its current line of thinking and cuts interest rates, it will be difficult to avoid a recession.