How will America revive its economy after Coronavirus crisis? - ProProfs Discuss
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How will America revive its economy after Coronavirus crisis?

Asked by Andrew Anderson, Last updated: Jan 12, 2021

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2 Answers

Margot

Margot

Just getting better day by day

Margot
Margot , Writer, High School, Toronto

Answered Jun 04, 2020

The Coronavirus pandemic is effecting the economies of all countries, including America's. As states begin reopening, the main focus is on rebuilding the economy. Currently the economy has taken a big hit, for businesses have been forced to close temporarily, and for some, permanently.

Along with that, citizens are spending less because many are facing unemployment. One of the ways America hopes to rebuild the economy is through creating jobs, which can be done through putting forces behind energy efficient companies.

These companies can lead the way in job openings for Americans. Another way is to bring manufacturing companies back to the United States, which is another way to create more job opportunities.

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D. Nichols

D. Nichols

D. Nichols
D. Nichols

Answered May 25, 2020

There are a lot of people who are terrified about the Coronavirus but what scares people more is the fact that the world is never going to be the same again. It is a known fact that the economies of different countries are at low right now. The United States of America has also been hit badly.

People are wondering how the economy is going to recover. What makes it hard for America is the fact that its economy is consumer-driven. A lot of businesses are closed now which means that there will not be enough consumers for businesses to actually make money.

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