Riots Are Slowing Down The US Economy Bounce Back Amidst The Coronavirus Pandemic

Riots Are Slowing Down The US Economy Bounce Back Amidst The Coronavirus Pandemic
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As you probably know by now, the murder of George Floyd by the police triggered massive riots across the country. Unfortunately, amidst the peaceful protests, there are also other organizations involved which are burning down cities and looting the place.

This has obviously turned into something else than simply supporting the BLM movement and condemning racism – there are also other political interests involved and various other organizations.

The civil unrest that erupted across the country following Floyd’s death will more than likely slow down the US economy’s comeback from the coronavirus pandemic, according to the latest reports coming from Fox Business

Riots will slow down the resurrection of the economy 

The extremely violent protests and all the looting have left a huge trail of destruction from New York City to Chicago and LA and these have been affecting business owners who were already hit by the coronavirus pandemic. 

“This is a net negative, both in the short term and in the long term,” Sri Kumar, president of the Santa Monica, California-based Sri-Kumar Global Strategies, told FOX Business.

He continued and explained that the rioting would probably add “a couple of percentage points” to the massive drop in the gross domestic product that was caused by stay-at-home orders that were implemented with the aim to slow the spread of the COVID-19 pandemic.

More than that, these protests could trigger a second wave of the COVID-19 infections, but experts say that it’s still too early to know for sure.

Coronavirus is involved in another deadly mix 

As if all this weren’t enough, it’s been also reported that the hurricane season, which started in June, will also be unlike any other so far, and COVID-19 is the main reason, of course.

“The combination of an ongoing pandemic and what NOAA has forecast to be a busy hurricane season is a cataclysmic scenario,” according to the disaster policy group SmarterSafer Coalition as cited by the online publication USA Today. 


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