After the epidemic, the US economy may be worse than the 2008 financial crisis. Can some industries such as lightweight foam concrete survive?
The new coronavirus spread rapidly throughout the United States within a few weeks. On the 17th local time, the first confirmed case was found in West Virginia, USA. So far, all 50 states in the United States and Washington, D.C. According to real-time statistical data released by Johns Hopkins University in the United States, as of 8:30 Beijing time, the United States has accumulatively confirmed 6423 cases of new coronary pneumonia and 108 deaths.
On the morning of the 17th local time, U.S. Treasury Secretary Steven Mnuchin warned Republican senators that the spread of the new crown virus could push the U.S. unemployment rate to 20% without government intervention. He was worried The U.S. economy may be worse than it was during the 2008 financial crisis.
At the same time, the U.S. government announced on the same day that it would launch an economic stimulus plan worth about $ 1 trillion and expressed its intention to subsidize $ 1,000 to each American directly.
On the 17th local time, the U.S. government announced on the same day that it would launch a package of economic stimulus packages to alleviate the impact of the epidemic on the market and the economy. Mnuchin told reporters after meeting with Republican senators that the total value of the plan may be around $ 1 trillion, which is one of the most extensive federal emergency fiscal plans ever. Affected by this news, the U.S. stock market rose sharply that day.
U.S. Presidents Trump and Mnuchin responded to questions from reporters at the White House, saying that the government intends to issue checks to Americans in the next two weeks, and each will receive a $ 1,000 subsidy. Currently, the U.S. government and Congress are discussing whom to send.
According to CNN, just before the announcement of the economic stimulus plan, Mnuchin held a meeting with Republican senators to urge senators to take action to avoid the worst-case scenario: the spread of the new crown virus could affect U.S. unemployment without government intervention Push up to 20%. He feared that the U.S. economy after the epidemic could be worse than it was during the 2008 financial crisis.
Mnuchin's U.S. $ 1 trillion government stimulus package pushed at the meeting includes sending the U.S. $ 250 billion directly to Americans; he proposed that if the United States is still in a state of emergency at the end of April, it will offer another $ 250 billion Check. Regarding the economic stimulus plan expected by the U.S. government, Mnuchin said that 1 trillion U.S. dollars are a large number, "this is a unique situation in the U.S. economy."
The reporter contacted the U.S. Treasury regarding Mnuchin's remarks. As of now, the Treasury has not commented.
The state has initially planned to contribute to economic growth and reduce social unemployment. To save some companies and the development of the industry. Whether the lightweight foam concrete project can continue to develop under the influence of this epidemic remains to be seen. From the perspective of the overall development of the U.S. construction industry, the application of lightweight foam concrete is still extensive, and the audience is still very high. So if there are still many niche projects like these lightweight foam concrete in the United States, whether they can survive and be alive is still very variable in the future. If the government keeps it safe and provides financial support, then there will be no problem at all. We also hope that the new coronavirus will soon pass and that various industries can make new developments and breakthroughs. If you need light foam concrete admixture, you can send email to sales@cie-china.org
