An apocalyptic scenario for the economy is possible if the US authorities drag out the process of quitting the country.
The head of the US Treasury Stephen Mnuchin said that he understands the danger of abrupt cancellation of quarantine, introduced due to the threat of the spread of coronavirus infection, but if the US authorities drag out the weakening of restrictive measures, then the collapse of the US economy is inevitable.
“We must open the economy in a safe manner. The president is worried about the health of Americans, ” he said. “ However, there is also the threat that we have been waiting too long. ” There is a threat of destruction of the US economy. I believe that the president is absolutely right in speaking of a safe way to open the economy. ”
According to Mnuchin, it is necessary to start this process from areas of the country where the incidence of new cases of coronavirus infection is low compared to such as the city of New York.