Deep Recession in European Union

There is a projection for a deep recession and immense unemployment in Europe. The troubling times that were living in have made stocks drift as oil prices have reversed their early gains. The European Union's economy is expected to shrink by 7.4 percent this year, as investment is expected to fall drastically and unemployment, debts, and deficits with grow beyond measure. The European Commission states that the aftermath of the coronavirus pandemic will be brutal. In comparison, the EU's economy was supposed to grow 1.2 percent this year, and in its worst recession ever it only shrank by 4.5 percent. The breath of this recession is set to be devastating. The two countries who suffered the most by the disease, Italy and Spain, will shrink by more than 9 percent each. Further, Greece is forecasted to suffer the most, losing 9,7 of its economic output this year. The repercussions of the coronavirus are not just lives, but also the potential prosperity of people all over Europe. How do you think the EU will respond and try to smoothen the blow?

Models Project Sharp Rise in Deaths as States Reopen

Several models, run by multiple different organizations, show that if the economy reopens soon, it will cause a huge uptick in the number of cases and deaths caused by covid-19. Yet, the white house is adamant about reopening the economy as soon as possible.
This brings up 2 points. Firstly, this is beginning to become more of an ethical issue than an economic one. Are we really prepared to open the economy given the possible 10,000 american deaths that could occur as a result. Secondly, the speed at which the economy fumbled makes me wonder if the supply-side economics that we are currently practicing is actually effective and more importantly secure and stable.

Coronavirus Task Force

Trump received great criticism for his inaction during the early stages of the Coronavirus Pandemic. Now the President has stated that the Coronavirus task force will focus less on dealing with the pandemic, and will shift focus on reopening the economy and safety. Many have argued that this step is too sudden and may just spark a new recurrence of cases. What do you think? Do you think the president is acting too fast? Should we reopen the economy to prevent a depression?

https://www.wsj.com/articles/trump-says-coronavirus-task-force-to-shift-focus-to-safety-and-reopening-economy-11588771597?mod=hp_lead_pos1

After a Terrible First Quarter, Executives Offer Some Hope

Corporate leaders believe that things should be improving from here. Business in April has been on a slight rise unlike the plummeting of sales that happened in March when the virus was spreading. China's recovery seems to have become the blueprint of recovery in the U.S. Many businesses have had a remarkable recovery due to China's economy reopening. With that being said, although there is still uncertainty of the future of some businesses in the U.S., corporate leaders have been trying to ease the minds of shareholders by telling them to look at China. Starbucks has been using its reopening in China as a blueprint for how the company will go about opening its stores in the U.S. as social distancing laws become more lax. It'll be interesting to see how the companies who don't have a strong consumer market in China will be able to bounce back from this pandemic. https://www.nytimes.com/2020/05/05/business/economy/coronavirus-earnings-first-quarter.html?auth=login-google