The coronavirus outbreak has brought many negatives along with it, one of them being affecting the economy. As businesses, restaurants, and other public facilities are having to shut down, it has caused a dip in the progress of economic activity. As there is no cure for the virus yet, restricting people from doing daily activities was the best solution to help contain the spread of COVID-19, which hurts the economy. “What started as a series of sudden stops in economic activity, quickly cascaded through the economy and morphed into a full-blown shock simultaneously impeding supply and demand—as visible in the very weak January-February readings of industrial production and retail sales.” Due to this, the economy has been hit very hard, and it won’t begin to recover long after the virus pandemic is over.
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