On Tuesday, Trump said that he wants the USA to open up and rarified by Easter. Afraid of an economic disaster ahead of the November election, President Donald Trump hopes to rapidly lift the stringent health limitations imposed to combat the coronavirus pandemic. Yet opening up America to business in a couple of weeks could have the opposite effect: it might pave the groundwork for a Great Depression repeat.
The goal will be to ease the crippling financial pain caused by the unprecedented shutdown of the nation’s economy by broad swaths. Job reports are spiking and the stock market cratered down. Yet gross domestic product, the economy’s broadest metric will undoubtedly suffer a downturn in history.
What Can Happen?
Though there are significant risks involving strategy change for social distancing. Not only will the advice of health experts be threatened by a premature re-opening of the economy. But analysts caution that it would backfire.
The economy could face repeated shutdowns over a prolonged period, rather than a one-time blast. If the president already decided to go by 180 and also open till Easter then later it might cause uncertainty and confusion. Which is the cure for depression,” Mark Zandi, Moody’s Analytics chief economist, told CNN Business.
According to Health Measurement
The health measures are aimed at halting the epidemic, buying precious time to keep the nation’s hospitals and doctors from being fully overwhelmed. People are stressed because hospitals are filled with patients and many people who are losing their family members can be stressful at this particular time. There are advice and assumptions by Republican nominee John McCain. The economic consequences will be much greater than if we should follow lockdown,”
A Perfect Timeline
At the daily press conference, Trump told reporters that it was his decision, not that of his medical experts, to recommend Easter. Which falls on April 12, as a potential date by which the US would once again be “raring to go.”
They’re only going to start because it’s going to be effective because they’re likely going to do it in a large part of the world, “Trump said, adding he’d listen closely to the recommendations from Dr. Anthony Fauci and Dr. Deborah Birx, two top medical experts at the White House who are a part of the task force of coronavirus. Asked who had proposed the date of Easter, Trump said it was him. He also said that it was a pretty moment, a pretty timeline. It is generally based on a certain number of weeks from the time it began
Health Officials Drafting Plans
It’s a deadline for federal public health professionals to now draft proposals. A former federal health official who was active in the response to coronavirus told CNN on Tuesday.
CNN officially tells that, in many areas, public health practitioners are creating solutions “to encourage people to take a step back” into society. The official identified a “rolling” response, with suggestions for various parts of the world easing at different times. The source warned this strategy is not risk-free, because it could mean sending people back to work or school.
The response to this epidemic will be rolling with increased containment and then we’ll see it back off. Followed by a further rise as the virus increases. The senior official said, referring to epidemiological modeling data shared with members of the response team. It is also that in order to mitigate this virus we must be willing to tolerate a certain risk. What do you think of the USA to open by Easter?