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JulsSmile [24]
4 years ago
11

How has Coronavirus impacted the U.S. and/or global community? Utilize online resources to provide two examples for three of the

factors below. Please explain your answers in detailed complete sentences and cite sources used.
- Economic Impact
- Social Impact
- Environmental Impact
- Political Impact
- Cultural Impact
- Technological Impact
- Medical Impact
Social Studies
1 answer:
Iteru [2.4K]4 years ago
8 0

Answer:

Outside China, the outbreak has also affected global supply chains, as other governments have also taken immediate steps to slow the spread of the virus. The Harvard Business Review predicts that the peak of the impact will occur in mid-March, “forcing thousands of companies to throttle down or temporarily shut assembly and manufacturing plants in the U.S. and Europe.” This again will disrupt global supply chains as well as demand for goods and services in the affected economies. These disruptions make it more difficult for companies in the U.S. and elsewhere to bring their goods to customers, and these companies will reduce exports from the U.S. to the rest of the world in the coming

Furthermore, households, companies, and governments alike are deeper in debt now than they were when SARS hit. For example, the U.S. nonfinancial corporate debt of large companies is currently around $10 trillion, up from around $4.8 trillion in 2003. Deutsche Bank released analysis showing the world’s major economies harboring the highest debt levels of the past 150 years, with World War II as an exception.

Explanation:

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