Small enterprises went bankrupt, medium-sized enterprises went bankrupt, and large enterprises reduced their salaries. This is far from over. Recently, US Treasury Secretary John Nuchin called on Federal Reserve Chairman Paul to return the idle $455 billion. It is reported that this fund was actually reserved for the epidemic prevention and relief plan in March this year, but it has not been used so far. Nuchin believes that the money is best left to Congress to be used elsewhere, rather than idle.
In fact, for the United States, its expected rapid economic recovery is far from beginning. More precisely, the situation in the United States is the most terrible. America, the situation continues to deteriorate seriously!
Affected by the epidemic, unnecessary commercial activities were suspended, and catering, retail, hotels, tourism and other industries were affected. Many entertainment venues are no longer open, and the economic benefits are also seriously reduced. More expenses may be spent on medical care and medicines. The epidemic situation in the United States is more serious, so unlike China, which can limit business hours, many small businesses in the United States go bankrupt because of long-term closure, which also has a certain impact on the country's economic benefits.
Compared with the same period last year, the number of companies applying for bankruptcy protection in the United States increased by 18%. Because of the epidemic, many enterprises are unable to make profits, and the only result they face is bankruptcy. According to the survey, 50% of small businesses may not last for two months. This is tantamount to adding insult to injury to the American economy, and many enterprises cannot recover in a short time. Since the outbreak of the epidemic in the United States at the end of March, more than 654.38 million small businesses have been permanently closed, of which 2% have been affected by the American catering industry.
Facing the increasingly severe situation, the United States began to prepare a new round of "spending money" plan to promote its economic recovery. According to a report by Sina Finance on July 22nd, the US government is discussing a new round of epidemic prevention and disaster relief plan, which is expected to exceed 1 trillion US dollars. The analysis pointed out that under the current gloomy economic situation, a new round of trillion-dollar stimulus plan is the last chance to prevent the US economy from further depression due to the resurgence of the epidemic after the election.
Moreover, due to the interruption of American trade, the cost of global supply chain restructuring is very high. These will be the difficulties facing the United States in the future.