What is your opinion about what will happen with the economy over the next year? Do some research, and see what the Federal Rese

Question

3 years ago

15

What is your opinion about what will happen with the economy over the next year? Do some research, and see what the Federal Rese

rve and Federal Government are doing to try and help the economy. Share your findings and thoughts in a second paragraph.

Social Studies

1 answer:

Alja [10] · Answer 1 · 2022-06-16T22:22:04+03:00

The Economy is likely to go in a worldwide crash and recession in the next fiscal year.

Explanation:

With the imminent threat of a prolonged market shutdown in the hole world the economy is likely to crash completely with no respite in any way.

The Federal Government's whole focus right now can only be saving as many lives as possible and to bail out people and companies through the tough situation they are in due to lack of work.

This means that the federal reserve has to give away a lot of money for bail out of companies and people.

The government has announced a bailout plan of 1.7 trillion dollars which is the largest in the world and is likely to involve in more such aid as the time goes on.