The US economy will slow from the virus impact, how much is unknown. China’s return to production offers the best clues to recovery, as FXStreet’s analyst Joseph Trevisani notes. Key quotes “Jobless benefits and government payments will not replace the lost income and when unemployed the natural and understandable reaction is to curtail spending.” “The longer the viral slowdown, the wider will be the layoffs and as more people lose their first-line income, the weaker aggregate consumer spending will become. It is this feedback loop that threatens business cash flow.” “An economic slowdown in the US and around the globe seems to be a certainty but its depth and length are highly speculative.” “The speed and success with which China returns to economic life will provide the best clues for the rest of the world.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Germany’s supplementary budget to counter coronavirus to be around €150 billion – Reuters FX Street 2 years The US economy will slow from the virus impact, how much is unknown. China's return to production offers the best clues to recovery, as FXStreet’s analyst Joseph Trevisani notes. Key quotes “Jobless benefits and government payments will not replace the lost income and when unemployed the natural and understandable reaction is to curtail spending.” “The longer the viral slowdown, the wider will be the layoffs and as more people lose their first-line income, the weaker aggregate consumer spending will become. It is this feedback loop that threatens business cash flow.” “An economic slowdown in the US and around the globe… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
