SOLUTION: University of Maryland The Impact of Corona Virus on The Economy Thesis Paper

Hi, here is the completed workLet me know if any more changes are requiredThank youRunning head: BLOG POSTCOUNTING OUR LOSSESStudent’s NameProfessor’s NameCourse TitleDateBLOG POST2The Impact of Corona Virus on the EconomyLast year, the world stood still as Corona Virus penetrated to all parts of the worldwith its effect shocking and devastating. Before the world could learn and adjust to thevirus, it had already claimed so many lives, causing panic and more chaos. Then came thlock downs which brought the entire world to a halt. Nothing was happening, everyonewas locked up in their houses waiting for the virus to pass by. Only that the virus hastaken longer than anyone anticipated.Many businesses collapsed or shut down or slashed down their work force leadingto a great number of unemployed people and many struggling businesses. Some sectorsBLOG POST3were definitely affected more than others with tourism and hospitality industries taking aheavy hit from the pandemic. The US government like many other governments has hadto support its people by giving stimulus checks to the disadvantaged in society in a bid tohelp them survive the pandemic. Seeing that the government was not making muchrevenue, this has consequently led to a budget deficit in the last two years of over twotrillion as the government tries to lend its support to citizens, slow down the inflation ratewhile still acknowledging the adverse effects of the virus.2021 is set to be a hopeful year as more vaccines are tested with a few beingrolled it for distribution. However, even with the vac…

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