Given the cost to life and livelihood of a weak economy and labor market, policymakers must proceed to make use of the fiscal, financial, and public well being instruments at their disposal to finish the COVID-19 pandemic and hasten a self-sustaining economic recovery. Six months into the COVID-19 disaster, we current 10 information in regards to the state of the U.S. financial system. We highlight results that COVID-19 has had on businesses, the labor market, and households. We conclude by considering how policy has supported companies and families since March 2020. Taken together, these facts describe a joint economic and public well being crisis of a scale and at a pace unprecedented within the historical past of the United States.
In each France and the United Kingdom, per capita house is forty two.2 square meters, almost the identical as in China. Only in the United States, Canada, and Australia, with their abundant land and large suburban homes, are the figures a lot greater (60.9 square meters per capita in the United States, with Canada and Australia close behind). A recent analysis by Kenneth Rogoff of Harvard University means that, China’s efforts to shrink the property sector will result in considerably …
