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The United States is about to face the COVID-19 and flu epidemic, which will hinder the economic development of the United States?

The United States has been invaded by influenza in the early days, and the pneumonia outbreak since then has made the already depressed economy of the United States worse. This will slow down the economic growth rate of the United States itself, and may even decline instead of increasing, while the tourism, catering and entertainment industries in the United States will be affected, and the number of people traveling to the United States will be greatly reduced, even increasing the unemployment rate in the United States. Therefore, no matter from what angle, the outbreak of this epidemic will definitely have a negative impact on the American economy.

At present, the number of people who died of COVID-19 pneumonia in the United States is about 2,711. This number may not arouse your vigilance, but you should know that the number of people infected in the United States has not exceeded 11,111. In this way, the morbidity rate of pneumonia in the United States is far higher than that in China, a severely affected country. This epidemic will inevitably bring great damage to the American economy, because once the epidemic spreads, it will inevitably take measures such as tourism ban and isolation, which will impact the productivity of the United States and many industries that need manpower to maintain will also usher in the ice and snow period.

People even doubt whether this pneumonia epidemic will lead to a financial crisis in the United States, but people think too much about it. Anyway, the economy of the United States is still strong today, and although it will be hit a little, it is unlikely that a financial crisis will break out.

The most intuitive manifestation of the impact of this epidemic on the American economy is that the savings of the US dollar in various countries have fluctuated greatly. In order to cope with the risks brought by the epidemic, the Federal Reserve issued an emergency interest rate cut. It means that the Federal Reserve will cut interest rates by 51 basis points, hoping to stabilize the volatility of the financial market, but even so, it still failed to curb the downward trend of the US dollar in the financial market.

but in any case, the economy of the United States itself is still very solid, and the position of the US dollar in society is still very solid. According to the current situation of the American banking industry, it is still relatively stable on the whole, and the asset quality and capital of banks are still sufficient. This epidemic is a test for Trump, and what kind of fiscal policy he will issue to stabilize the changes in the financial market is his biggest test in the near future. And his measures may even affect whether he can be re-elected as president of the United States, because once Trump chooses to promulgate measures that do not conform to the national conditions of the United States and even fail to appease the panic of the American people about the epidemic, then the Democratic Party will seize the pigtails and counterattack in one fell swoop.