All of this means that the economy is still weak and that recovery will mean a longer harder slog thanForget what the jobs number was last month, or what consumer confidence was doing, or whatever earnings estimates you had for US companies. Throw all of that out the window.
but the wider economy was able to keep chugging along because our service sector is a much bigger contributor to economic growth. So Americans kept buying stuff. This is where the US and Chinese economies look the same. In both countries families and businesses desperately need cash now.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
lopezlinette This time the west civilization is heading towards extinction and China will take over this planet.
lopezlinette Thanks Vachina
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US tourist attractions, once-crowded places emptied amid coronavirus - Business InsiderMajor US attractions including Disneyland and the Smithsonian museums have closed down as the country rushes to contain the spread of the coronavirus. Panic and fear will do more damage than the virus !!! Even if 3% of all the people of the world would die (which is NOT the case as not all will be infected), it means that 97% of all people and 99% of the ones below 75 will survive. How is that for a FULL VASE ? We must go on !
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus: What it's like to fly in the US during the outbreak - Business InsiderFlying out of JFK Airport's busiest terminal was an eerie experience: it was nearly deserted, and about half the travelers were wearing masks. Panic and fear will do more damage than the virus !!! Even if 3% of all the people of the world would die (which is NOT the case as not all will be infected), it means that 97% of all people and 99% of the ones below 75 will survive. How is that for a FULL VASE ? We must go on !
Source: BusinessInsider - 🏆 729. / 51 Read more »