How the united states has responded to the crisis
The government of the United States had somewhat of a delayed reaction to the threat of the virus, but when it answered, it focused on strategies to prevent an economic meltdown, strengthening the healthcare system, and preventing further spread.
The COVID-19 task force led by Vice President Pence with active participation by President Trump, together with government officials from a wide array of agencies, and with the active participation of governors from all 50 states and mayors from cities all around the country, represented a bureaucratic deployment of immense magnitude.
The high level of professionalism and commitment from all the new heroes of the world resembled soldiers standing in the front lines. From the health sector, to the humblest public servant and private sector employee, people carried out their duties to keep the country running and to help those in need.
Congress has responded by approving trillion-dollar programs in record time aimed at supporting the different levels of government in their strategies to address the health crisis. Additionally, it has promoted programs designed to keep the economy as stable as possible and in hopes to generate conditions for rapid recovery with the least possible damage to the private sector, and indirectly supporting employment stability in the midst of such complicated conditions.
The flow of information leads us to believe that we will gradually return to life as we once knew it. How we will get there and how long will it take are not easy questions to answer, but the answer will vary from country to country and industry to industry. While there will be significant changes in human behavior, companies will have to adapt to new consumer behavior, and the economy will be left at the beginning of a new cycle of growth.
Since the U.S is in an election year, it is expected that programs will be announced for the economic reconstruction of the productive apparatus, and measures will be implemented to protect the population from a possible second wave of the virus while effective treatments and the definitive vaccine are being finalized.
The role played by the private sector must also be highlighted, putting all of its capacity and resources to help in every front of this battle. From companies producing ventilators to prevent shortages, to a whole network of industries and corporations helping Americans during the lockdown.
When considering the situation of the vast majority of countries, their economies and the way they have managed the crisis, but most importantly their capability to quickly recover and continue on a path of growth and prosperity, it is possible to argue that the US will be at the forefront of this recovery. Immigration will probably strengthen, and so will foreign investment, with investors all over the world seeking stability and attractive returns…
…These are just some of the factors that will contribute to the success of the new economic cycle we are beginning to witness.