It's About Time For a Recession

#coronavirus #COVID19 #unitedstates #uscoronavirus #economy #recession #blog

The new coronavirus is hitting everyone hard. In many places across the United States, you'll find airports near empty, no cruise ships traveling, restaurants closed, businesses and corporations telling their employees to work from home, and schools closed. There are plenty more disruptions of life along with this. While this is happening, coronavirus cases grow every day in large amounts internationally. Wall Street is at its worst since the 2009 recession. About everyone in the states is affected in some way, and the businesses taking the worst hits are the travel and hospitality industries. Fears of the coronavirus combined with travel restrictions have caused airlines, cruise lines, hotels, and more to lose significant amounts of money. Businesses such as restaurants are shutting down, leading to even more revenue loss. However, it's not all bad for industries. Online platforms, including Zoom, Slack, Hangouts, and more, are being used by many during this time, getting them some extra business. Microsoft Teams, which powers remote workplaces shut down, most likely because of a vast increase in users.

It seems like it's about time for a coronavirus recession. One of the Trump Administration's most significant winning points were economic strength. However, the economy is looking grim, and the travel industry, as well as many more, are being struck. What does this mean for the U.S.? I'll leave it up to you to decide, but I'll say that it may not look too good.


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