the US national Debt and the debts of American corporations this year will increase to record levels due to the coronavirus. This writes the newspaper The Washington Post.
the Federal budget Deficit the United States in connection with the measures for compensation from the coronavirus will increase to four trillion dollars, more than double the American economy. As the newspaper notes, such a situation not seen since the end of World war II.
the Authors compared the current situation with the great depression. In particular, examples of large companies ExxonMobil and Walgreens, which saved their debts and have exhausted their lines of credit. So, support corporations, the Federal reserve resets the interest rates and added more than two trillion dollars to its portfolio over the past six weeks. While the same amount was added in the four years of the great depression.
April 10 in a Bloomberg survey of economists predicted the US record in the history of the country the unemployment rate at the end of the pandemic coronavirus. According to expert estimates, its scale will surpass the performance since the great depression that began in 1929. Analysts have also predicted a fall in GDP of 25 per cent in annual terms in the period from April to June. The unemployment rate will reach 12.6 percent.
on 6 April it became known that the advisers of the White house suggested to release a “coronavirus” Treasury bond-type “war bonds”. The funds thus funds directed to the financing of the fight against the pandemic.
