(Five Paragraph Essay) write your experience which you like to share about pandemic Covid 19, during lockdown and the lesson learned.
The Coronavirus disease has dragged employment cases to the ground, rising the
chances of poverty to a higher percentage (Fetzer, Hensel, Hermle, & Roth, 2020). The labor
supply in the whole state has been deteriorated, hence slowing the product and supply-demand in
the U.S government. Significantly, the disease effects are slowly torturing the Head of State and
the U.S. administration as a whole. Therefore, the country peacemakers should address the
economic fallout resulting from COVID- 19 ailment.
The spread of Coronavirus in the country has forced the Federal Reserves to reduce the
interest rates. However, the monetary policy would not be much affected, since the standard has
been low for quite some time. For the U.S. government to stabilize its economy, Trump's
administration, by Congress's help, should embrace the critical economic principles, which act against the spread of Coronavirus. The country should focus on calm financial markets, put more
effort into public health resources, shun doing harm to the U.S. citizens, moralize business
sectors by limiting damage where applicable, and ease the household and population risks
(Baker, Bloom, Davis, & Terry, 2020). Even though the impact of the pandemic is ferocious, its
hazards to the economy might be contained. If the U.S. government would like to suppress the
future economy, the Trump administration and Congress should communicate and act swiftly to
manage the situation.
The business has lost its customers due to immediate lockdowns and curfew for fear of
COVID 19 contraction. The scenario implies that the small businesses would struggle to keep
payroll staff is their revenue proceeds to deteriorate. The numerous numbers of death have
pushed the U.S. Congress to pass a massive incentive bill, which expands the unemployment
insurance and provides hundreds of billions of people to adopt the new spending (Fetzer et al.,
2020). Congress has accounted for providing the Americans with a middle-income cash handout,
which would help them survive during this COVID 19 outbreak period. Nevertheless, the disease
has immersed the nation in point of borrowing loans from the banks for the citizens' upkeep.
Based on the fact that the pandemic has spread worldwide, as strategies put forward to alleviate
it remains futile, the future economy may continue to plunge.
The athlete’s sports are the sectors that are the most affected by the fierce pandemic. All
of their rehearsal processes have interfered with the present situation since their fitness will be
lost. Furthermore, the absence of training contributes to the termination of sports management,
marketing, and teams. Besides, depraved result entails that the curiosity of the fans on sports is
limited since all individuals are focused on their health (Baker, et al., 2020). So, unlike the other
sports and entertainment, athletes and all of the sports organizations must keep the warm interest for the fans using social media platforms. Moreover, COVID 19 has a significant impact on
sports, not just economically but also for logistical and operational purposes. The nation requires
more prolonged shutdowns to bring COVID 19 back to control, which asserts that the sports and
entertainment sector will continue being affected without the recovery determinations. Hence,
the longer the lockdowns, the more it will affect the global economy.