How is US planning to restore it's economy after Coronavirus Pandemic?

The US has sustained massive labor market damage, and it is going to take a long time to recover. Luckily, the jobs are growing, and the government's intervention bolstered this during the lockdown period.

People were supported by the economic stimulus packages given by the government, and unemployment benefits have been extended. Businesses will have to reopen and begin rehiring their workforce.

There is a plan including support for small businesses, federal funding for local government, and help for the unemployed and underemployed. There are plans in place for employers to use to help retain their employees. Some tools have been put in place, and if used correctly, they will aid in the recovery of the US.

While the United States as a whole is being impacted by the virus, when it comes to rebuilding the economy of the country, that will vary from state to state. While other countries have one leader in charge of the virus and making decisions about reopening, in the United States, these guidelines are determined by the Governors of each state.

Each Governor will announce phases in which their state will reopen. The states reopening is one of the first steps to rebuilding the economy, because this will allow businesses to open their doors and for money to be made. We are in the beginning stages of this process, so it is unknown how long it will be until our economy improves.

A lot of people are aware that the economies of different countries have started to become affected. There are some people who have gotten more affected by others. The US is considered to be the country with the largest economy, and with the recent pandemic, this is still greatly affected.

According to some theories, the best way in order to improve the economy of the US real quick is to make sure that the life of the middle-class citizens will be greatly improved. They are the social class that will be more likely to help the money pass around so that the economy can eventually recover from the losses that it has experienced.

It is obvious that it is the United States that is one of the countries that the novel coronavirus has hit the most. There are a lot of major cities that needed to be locked down because of the alarming number of people who are getting infected. Yet, the US government has decided to just push through with allowing businesses to open and so much more.

They feel that by completely closing businesses, they are allowing the economy to dip even further. This is not something that they would like at this point. Hopefully, when this is all over and life would return to normal, all those that are affected will be able to make the economy improve again.

Each state will make decisions about its economy. The governor of each state will determine it. Trump has shared his three-phase plan to reopen the United States is based on accurate and dependable information, and that benchmarks must be met at each phase. The country must resume in a structured, safe, and responsible way.

Under the first phase of the plan, restaurants, movie theaters, and large sporting events would be appropriate to reopen, but only under certain conditions. However, schools, daycare centers, and bars will not be allowed to reopen at this time. Trump said that this would be a gradual process, and also there needs to be full cooperation from the people.