While COVID-19 coverage rightly focuses on the human toll, I found this article identifying which states will get hardest economically to be particularly interesting. The study authors utilized 6 variables to measure probable economic damage. Business travel and tourism were especially critical variables which helps explain why Nevada and Hawaii are running numbers 1 & 2 on the most exposed list.
I think decision-makers should not be disturbed to make a current decision by a huge financial loss. Financial loss is bad, but lost life is worse than that. To stop the spread of the disease is the best way to reduce economic loss. Don't waste time on party competition is really helps to stop the spread of the disease. It also is part of a problem which I don't understand.
I'm interested to see how the nation is going to rise up together and find a solution for the economy
I had no idea about Hawaii. That is definitely something I need to read up on. I have friends who are currently doing YWAM at the Kona HI base, and although some are coming home, they have the choice of what they want to do. Although these numbers can stir worry in our hearts, I have to trust that God has a bigger plan than our own. Although it is not what we choose, it is the reality, and God works all things together for good.
I have seen the economic impact that COVID-19 has done from a first-hand basis. Since the Shelter in Place laws were put in place I was laid off from my job. While every business has been affected, local businesses have suffered the most due to the virus. Early March I took a road trip to Austin and the only places that were open were the local businesses. They are struggling to stay open by putting themselves at risk. I pray that we all get back on our feet financially and that this blows over soon. (This blog post was for the week of 3/30-4/5. I apologize for the misunderstanding.)
Thinking about the economic impact on the country is very complex. I think that there are many factors that go into this and the shutdown, while necessary, has the potential to send our economy into a huge recession. I think the government has begun to take steps to help aid the economy so that we do not go into a recession as deep as we did in 2008. My dad is in the real estate market so we have been watching the economy and there is definitely a reason to possibly be scared for the future economy.