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US Media: Even if there is a vaccine, the US economic prospects and the status of the epidemic are still unclearFly to the homes of common people
More than 300,000 people have died and millions have been displaced. The hope that the new corona vaccine brings seems to be in sight, but the US economy is facing a dark winter and most economic activities are still stagnant.
According to data recently released by the US Department of Labor, the US added 245,000 non-farm jobs in November, well below the 400,000 non-farm jobs expected by the market.
As the number of confirmed cases and deaths from new coronary pneumonia has soared to record levels, states are implementing new restrictions, which may lead to more unemployment. Bloomberg said that by the end of 2020, the US economy could contract by almost 3% from the beginning of the year.
△ Bloomberg Report
The US economy faces a severe winter
The latest data released by Bloomberg Economics shows that while the American people are waiting for the new crown vaccine and the US Congress is struggling to agree on a new stimulus plan, almost all economic indicators have failed. improved and the US economic recovery faces serious challenges.
According to data from the restaurant reservation platform OpenTable, the number of reservations decreased for the fourth week in a row, 65% less compared to the same period last year. The number of applicants for unemployment insurance soared to a four-month high, showing that a large number of business closings are putting tremendous pressure on the American job market. At the same time, more than a third of the unemployed in the United States have been unemployed for 27 weeks or more.
Slow recovery in some US industries.
After analyzing the financial data of 3,000 large-scale listed companies in the United States, Bloomberg discovered that a fifth of the company’s profits were not enough to pay the interest on the debt and he became a “financial zombie.” including Boeing, Delta Air Lines and Exxon Mobil. Company and Macy’s. Since the epidemic, they have added nearly $ 1 trillion of debt to their balance sheets.
△ During the epidemic, the debt pressure of Macy’s department stores increased. Source: Bloomberg
In addition to the large publicly traded companies, a large number of small and medium-sized companies are also paralyzed and have to rely on help from the federal government. CBRE Global Chief Economist Richard Buckham said: “If the US economy gradually recovers and assistance from the federal government is eventually canceled, the consequence is likely to be an increase in the number of bankrupt companies. Even if there are more and more, it may also be too late for many companies to vaccinate the American people. ”
He also said the recovery of most commercial real estate will be very slow, such as office buildings and shopping centers, and may take two to three years to recover.
Chris, a souvenir merchant in Pennsylvania, said: “I hope that the tourists will reappear in front of me and I hope that the mall in front of my house resumes. If the tourists return and the new corona vaccine works, it is possible that Let’s go back to the epidemic. The previous state of life. But it remains to be seen. ”
△ Affected by the epidemic, the streets of Pennsylvania have lost their old living image Source: Bloomberg
Bloomberg commented that it is difficult for the United States to achieve economic recovery in the short term, even with the new corona vaccine, the goal of returning to the pre-epidemic state early next year seems unattainable.
The number of deaths from new coronary pneumonia in the US will continue to rise
Several US media reported that in the last week, about 17,000 people died from a new coronary pneumonia in the United States, with an average of more than 2,400 deaths in a single day, the highest since the outbreak, equivalent to 1 death in 40 seconds.
Public health experts said the number of deaths from new coronary pneumonia in the United States this winter will continue to rise, and the vaccine will have little effect in stemming the “epidemic flood” this winter.The University of Washington Institute for Health Indicators and Evaluation model predicts that even with the expected delivery of the vaccine, by April 1, 2021, the number of deaths from new coronary pneumonia in the United States will be around of 530,000.
△ The forecast report issued by the Institute of Health Indicators and Evaluation of the University of Washington
Jason Schwartz, an assistant professor of public health at Yale University, said that in the coming months, Americans will still need to wear masks, maintain social distancing and avoid participating in large gatherings. He said: “Vaccines are extremely valuable and new weapons are urgently needed in our fight against the epidemic, but they are not the only weapons we have. We cannot use them as substitutes for the weapons we have always had (wearing masks and maintaining social distance). Product.”
Producer 丨 Wang Shanshan Zhang Ou Chen Yiduo
Producer 丨 Wang Wei
Chief Editor 丨 Li Ying
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