Epidemic wreaks havoc in US as economy shrinks 3.5% by 2020?

According to Johns Hopkins University, more than 25.72 million cases of the new crown have been confirmed in the United States as of 6:30 p.m. January 29 (Beijing Time), and more than 432,000 people have died from the new crown.
The novel coronavirus variant, reported in the United Kingdom, South Africa and Brazil, has all appeared in the United States and may have led to a further increase in cases.

On the other hand, U.S. gross domestic product will shrink by 3.5 percent in 2020, the worst performance since 1946.

A pedestrian wearing a mask exits the Pennsylvania Station in New York, the United States, Jan. 26, local time.

The mutation reported in South Africa was detected for the first time

A variety of mutated viruses have spread widely in the United States?

South Carolina has found two cases of the novel coronavirus strain reported in South Africa, the first time the strain has been found in the United States, state health officials said Wednesday.

The South Carolina Department of Health and Environmental Control said the two cases don’t appear to be related and that the patients have no recent travel history.

“It’s frightening.”
That means there could be more undetected cases in the state, said Dr. Krutika Kupali, an infectious disease physician at the Medical University of Charleston in South Carolina. “It could have spread much more widely.”

Mutations reported in Britain and Brazil have already emerged in the United States.
According to the latest data from the Centers for Disease Control and Prevention, there have been at least 315 cases of the mutated virus reported in the United Kingdom across the United States, from at least 28 states.
Minnesota health officials earlier announced the first case in the United States of the mutant virus reported in Brazil.

Many experts are concerned that recent mutations in the virus could limit the effectiveness of the vaccine.
Rochelle Valensky, director of the US Centers for Disease Control and Prevention, also pointed out recently that the mutated virus appears to be more easily transmitted, which could lead to further increase in cases and continue to increase the pressure on the US healthcare system.

The economy will shrink by 3.5% for the whole of 2020

Ms Pelosi wants to “ram” the bail-out bill

On the other hand, the US economy will shrink by 3.5% in 2020, the worst performance since 1946, according to the first estimate released by the US Department of Commerce on Monday, as the pandemic will shut down commerce and daily life.

In addition, real U.S. gross domestic product grew at an annualized rate of 4 percent in the fourth quarter of 2020.
The Federal Reserve noted that “the pace of recovery in economic activity and employment has slowed in recent months.”

The Labor Department also said Wednesday that 847,000 Americans applied for unemployment benefits for the first time in the week ended Wednesday.

On the same day, House Speaker Nancy Pelosi said the House would move forward next week with a process to pass a new bailout bill without Republican support.

Pelosi said she remained hopeful that Republicans would support President Joe Biden’s $1.9 trillion bailout plan in White House negotiations with lawmakers from both parties, but that the House was prepared to fail to win Republican support.

More than 18 million Americans are still receiving unemployment benefits.
A federal unemployment benefit program that pays the unemployed $300 a week and extends eligibility for unemployment benefits to self-employed, contract and gig workers is set to expire March 14.

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