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Biden said that after winning the election, he would stop the country's economy. However, no matter what kind of a hero Biden is, a second total lockdown will simply kill the US economy.
Experts at the Swiss bank UBS said that even the richest countries in the world cannot afford a few more months of complete blocking, as it would cost about 3% of GDP per month.
Countries that did not put the epidemic on a par with politics clearly understand that it is definitely impossible to completely stop economic activity. So different politicians and business representatives, such as former British Prime Minister Tony Blair, Siemens CEO Joe Kaeser and French Prime Minister Jean Castex, stuck to the same view. The situation in the United States is critical, the country did not even manage to recover from the first lockdown.
Moreover, according to the official information from the financial television channel CNBC, almost a half of the US adult population is unemployed.
The owner of the largest international political consulting company Eurasia Group, Jan Bremer, noted that the electorate trusts Trump more than Biden in terms of economics. In this regard, the current president is in the lead.
Meanwhile, Deutsche Bank experts reported that in case of a second wave of COVID-19, investors would begin to abandon the US dollar as a reserve currency.
Analysts believe that the currency will not survive a second lockdown and will seriously weaken against most of the developed countries' currencies, including China. Deutsche Bank expert Samir Goel noted that the yuan is relatively stable.
In difficult times, investors usually resort to the US dollar due to its position as the world's reserve currency. Now, the uncertainty is observed in the USA, so the demand for the dollar is falling.
Goldman Sachs experts believe that the exchange rate is overvalued, real US rates will remain negative for several more years, and the world economy should resume sustainable growth after the end of the COVID-19 pandemic. That is why they claim that the US dollar will remain weak for a long time.
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
