Experts warned that Trump's infection with Covid-19 would create a new wave of concerns. However, this event could also speed up the negotiation process to come up with a new stimulus package.
"Will President Trump's Covid-19 infection break the US Congressional stalemate on a new stimulus package, thereby spurring growth, or inflicting another blow on the economic recovery?" "Bloomberg's journalist Peter Coy questioned. Observers believe that the outcome will depend on Mr Trump's health.
On October 2, the US Bureau of Labor Statistics reported that the US labor market only added 661,000 jobs in September. That's a large number, but has dropped sharply from 4.8 million jobs in June. , about 1.8 million jobs in July and 1.5 million jobs in August.
To date, 50% of American workers who lost their jobs in the spring have found work again. "The remaining recovery process may take longer and depends on the speed at which businesses reopen. The progress of the epidemic will be decisive," stressed journalist Peter Coy.
Trading information is appreciated: биткоин на сбербанк
The health situation of US President Donald Trump can determine the extent to which the US economy is affected. Accelerating deal on stimulus package?
According to Bloomberg's pen, the major obstacle to the recovery process is the expired bailout packages, including the additional unemployment allowance. Speaking to MSNBC on October 2, House Speaker Nancy Pelosi believes a new agreement will be made. She said Mr Trump's Covid-19 infection was "the driving force for the change".
Stephen Stanley, chief economist at Amherst Pierpont Securities, commented: "The fact that Mr. Trump's illness will create a phenomenon of 'rally-round-the flag'." This is the phenomenon of increasing internal connections to counter pressure from outside or during crises.
"Mrs. Pelosi seems to have become more reconciled after the news of Mr. Trump's infection. This is an encouraging thing," said Aneta Markowska, chief financial economist at Jefferies & Co..
Stanley argued that the US economy would not shut down again as it did in the spring, even with a second wave of Covid-19 and concerns about Mr Trump's illness. States like Arizona, Texas and Florida have avoided the worst impact of the crisis.
Ong Trump nhiem Covid-19 brother 2
The unemployment support package has been exhausted, making the lives of more and more Americans in poverty. Photo: Reuters.
"Measures such as closing bars, limiting the number of guests in restaurants, wearing mandatory masks can have a significant impact against the Covid-19 epidemic," he explained.
According to Gad Levanon, vice president for labor markets at the Conference Board, states like New York, New Jersey, Massachusetts and California have seen large numbers of workers lose their jobs because of strict blockades. .
Wave of anxiety
"It shows that the government's decisions on how to deal with the rise of Covid-19 infections will have a big impact in the coming months," Mr. Levanon stressed.
"The message from the White House is just as important as the health of the US president. If Mr. Trump recovers quickly, you can confirm that the SARS-CoV-2 virus is no more dangerous than the normal flu. encourage supporters not to wear masks, "commented Jason Schenkner, chief economist at Prestige Economics.
"However, if the US president does not recover easily, this will be a great warning about this disease," he added.
On the CNN live broadcast on October 2, reporter Jim Acosta quoted a source as saying there was reason to worry about Mr. Trump's health. "The source described the president as being very tired and having problems with breathing. However, the White House official still confirmed that Mr. Trump will be fine," the CNN reporter said.
Ong Trump nhiem Covid-19 brother 3
President Trump was taken to the Walter Reed National Military Medical Center by a Marine One helicopter. Photo: AP.
About 17 hours after declaring positive for the Covid-19 virus, President Trump was taken by Marine One helicopter to Walter Reed National Military Medical Center in Bethesda (Maryland, USA).
"Looking at the British story when Prime Minister Boris Johnson was infected with Covid-19, it can be predicted that Trump's infection does not affect the economy too much," commented senior economist Yelena Shulyatyeva of Bloomberg. .
Bloomberg Economics estimates that the US economy will grow 28% in the third quarter of 2020 but only 2.5% in the fourth quarter.