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09.07.202014:15 Forex Analysis & Reviews: America struggles to survive amid pandemic

Long-term review
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Exchange Rates 09.07.2020 analysis

The number of new coronavirus cases in the US is growing every day and has reached the highest levels. On Wednesday, the US reported more than 60,000 new COVID-19 infections. For the second day in a row, the number of deaths has climbed by more than 900 in a day.

US states such as Texas and Florida became the epicenter of the outbreak. In New Jersey, all residents were required to wear masks. At the same time, New York unveiled an educational plan for students in public schools. So, students will attend school two or three days a week.

According to recent data, the number of new COVID-19 cases has increased in 42 out of 50 states.

The continued growth of infected people in America may lead to the reintroduction of quarantine. The US economy is at stake. Experts believe that the US economy will start to revive no earlier than in 2021.

The United States is the country with the largest number of coronavirus cases in the world. The total number of infected people there exceeds 3 million while 132,000 people died.

Kate Smirnova
Analytical expert of InstaForex
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