Pandemic 2020 and the repercussions for the nation - Part three
The foreseeable economic future of the Nation: The Dow Jones reports a loss of 10%, the lowest in 12 years. Not as bad as the last major drop in 2002 at 16% drop, and nowhere near the crash of 1930 at 52.67% drop. There are currently no antiviral drugs approved by the FDA to treat COVID-19. The nation has now recovered only about a third of the 22 million jobs it lost to the pandemic caused recession, according to the Labor Department. With confirmed COVID-19 cases in a severe uptick across the Sun Belt states, unemployment rates are plateauing or heading back up. In those and some other states restaurants, bars and other retailers that had re-opened are being compelled to close their doors again. Because of the high cost that goes with opening some businesses with perishables and other background costs, many of those will not be able to reopen again. With many others who took government loans to reopen, and not being able to afford another loan, will find it too expensive t...