Health Experts: US Economy Will Not Normalize in May

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U.S. Secretary of the Treasury Steven Mnuchin - State Department photo/ Public Domain

Since President Trump and his administration’s economic officials are adamant about opening all the U.S. places of business in May, health professionals warn that rushed decisions can affect the COVID-19 spread and bring the nation to the second wave of the pandemic. This, of course, will only damage the economy further.

Comments from US Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow show clearly the desire to resume normal activity despite the rising number of deaths from the deadly virus.

Kudlow, speaking on Fox Business Network, referred to the economy reopening on a “rolling basis” over the coming few months.

Whilst the health officials still battle COVID-19, they can see first hand that stricter rules regarding the shelter-in-place measures need to be implemented. The economic officials are looking to give the nation relief from the difficulties accompanying the slowing economic activities.

In reality, a well thought out strategy to reopen the economy is needed. It must make sure that the safety of US Citizens is paramount whilst addressing the effects of the inevitable economic slowdown.

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