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On Monday, US President Donald Trump met with reporters on the lawn in front of the White House. He did not skimp on the good news when he recounted how he believes the United States is about to “turn the corner” on the coronavirus.
In addition to accumulation, he also predicted a strong recovery for the US economy in 2021.
– At this moment we are witnessing the fastest recovery in the labor market after an economic crisis in the history of our country. I think next year will be the most magnificent year from a financial point of view, he said according to CNBC.
The big words come three days after the US labor market report showed nearly 1.4 million jobs were created in the US in August. At the same time, the unemployment rate fell from 10.2 percent in July to 8.4 percent in August. Figures are often referred to as “the most important of the month.”
Believe in vaccines this fall
Thus, approximately half of all jobs lost to the crown have been “made up.”
“The economy is rising in a V shape, probably in a ‘giant V shape,'” Trump said, referring to several recent Wall Street highs.
Since the world’s stock markets collapsed in March as a result of the virus, tech giants such as Apple, Amazon and Tesla have sent Wall Street to the skies in the following months. In late August, the Nasdaq Heavy Technology Index hit several highs. However, the mood has been much more subdued so far in September. On Monday, Wall Street was closed due to federal Labor Day.
In addition, Trump also gave the press an update on the development of a coronary vaccine and said that the first one may be ready from October.
According to the British broadcaster BBC, there is nothing to suggest this. A vaccine usually takes years to develop, produce, and be approved. According to the broadcaster, experts agree that a vaccine could initially be available in mid-2021. In that case, it will be a scientific feat and there is no guarantee that it will work, writes the BBC.
“We have done an incredible job”
In a meeting with the press, Trump painted a picture that the United States has been “leading in every way possible,” compared to other countries in terms of preventing the spread of the virus.
– We have done an incredible job at a speed that no one has seen before. It could take two or three years. Instead, it is done in a very short time. We may even have a vaccine ready in October, he said.
According to the Johns Hopkins University survey, as of Monday, September 7, almost 6.3 million cases of infection had been registered in the country, while the number of deaths now stands at 189,114. In both categories, the United States leads all countries in the world.
The five-day moving average for the number of infected in the United States is now 40,714, according to CNBC. It’s well above the levels when the virus first broke out in the spring, but below the peak of 69,451 in mid-July.
Hard on biden
In the meeting with the press, Trump also did not skimp on gunpowder when he mentioned the Democratic presidential candidate Joe Biden. The two will also meet for the first election campaign debate in late September, where Fox News anchor Chris Wallace will preside.
– If Joe Biden becomes president, China will own the United States and all other countries will smile, said Trump, who spoke more about “disconnecting” from China.
“No country anywhere has fooled us like China does,” he said. (Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content may only be done with written permission or as permitted by law. For more terms, see here.
