Question

Please search any article online and complete the task. I posted the same question before but i want a different andwer for this one.

What is going on it the world/US today that deals with or is impacting the ECONOMY. Cut and paste the link to the article, Summarize the article in one paragraph. In a separate paragraph explain how what is happening impacts you or your family, or those around you personally. What is your opinion?

Answer 1

The Federal Reserve moved over the weekend to slash rates and buy treasuries, markets around the world fell on Monday anyway. The coronavirus threatens to set off financial contagion in a world economy with very different vulnerabilities than on the eve of the global financial crisis, 12 years ago.In key ways the world is now as or more deeply in debt as it was when the last big crisis hit. But the largest and most risky pools of debt have shifted — from households and banks in the United States, which were restrained by regulators after the crisis, to corporations all over the world.As businesses deal with the prospect of a sudden stop in their cash flows, the most exposed are a relatively new generation of companies that already struggle to pay their loans. This class includes the “zombies”— companies that earn too little even to make interest payments on their debt, and survive only by issuing new debt.The dystopian reality of deserted airports, empty trains and thinly occupied restaurants is already badly hurting economic activity. The longer the pandemic lasts, the greater the risk that the sharp downturn morphs into a financial crisis with zombie companies starting a chain of defaults just like subprime mortgages did in 2008.

Beyond the human tragedy, there is a direct economic impact from lives lost in an outbreak. Families and loved ones lose that income and their in-kind contributions to household income such as childcare. The economic impacts have dramatic effects on the well-being of families and communities. For vulnerable families, lost income due to an outbreak can translate to spikes in poverty, missed meals for children, and reduced access to healthcare far beyond COVID-19. With cases confirmed in many low- and middle-income countries.

following Financial Support Plan must adopt by government for employees and employers,business sector

1. Loan Repayment Moratorium
2. Supporting financial market liquidity
3. Support for people sick or quarantined
4. Support for people unable to work

5. Supporting financial market liquidity

6. Providing small business with wage subsidies
7. Crown Utility Interest Deferral Programs