As the country most severely affected by the epidemic today, the U.S. economy will definitely be greatly affected. According to economic data released by the United States, the U.S. economic growth rate in the second quarter of 2020 was -32.9%, a historical decline. This data is actually very confusing, because judging from this data, U.S. trade will definitely decline, which is why ordinary people think that the U.S. economy is in recession. But from a macro perspective, will U.S. trade really decline? In fact, when it comes to this question, you must find an authoritative person to answer it. Next, let’s take a look at how Tan Yaling from the China Foreign Exchange Investment Research Institute interprets the economic problems in the United States. First of all, given the crazy money printing by the Federal Reserve, everyone thinks that this move by the United States may lead to an economic crisis, but this is what Ms. Tan Yaling said. She said that whether the Fed is "throwing money" in an extreme way depends on one indicator-whether the ratio of the U.S.'s legal money supply to the economy exceeds 70%. The COVID-19 epidemic is unprecedented, and urgent and huge amounts of funds are mainly used to stabilize confidence and prevent society from losing control. In fact, judging from the employment rate, the United States is very controllable.
In addition, Tan Yaling also expressed her own views on the trend of the US economy. She said: The U.S. economy will experience fluctuations in the short term, but its long-term resilience is strong. The U.S. Commerce Department does not pay attention to the second quarter economic data of the United States itself. What the United States pursues is not just the growth rate of economic data, but also the size and quantity of the economy. Since May, economies across the United States have restarted and many economic activities have begun to pick up. Although the epidemic is still spreading and restrictions on some industries in many regions have not been completely relaxed, they are recovering after all. Therefore, according to Ms. Tanya Ling’s point of view, although U.S. trade has fluctuated in the short term, this does not mean that U.S. trade will decline. On the contrary, in the long run, the U.S. economy is still relatively strong.