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Discussion Foru1

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Finance
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Central Washington University
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Homework
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Running head: DISCUSSION FORUM
Discussion Forum
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Institutional Affiliation

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DISCUSSION FORUM 2
(1) What do the articles describe?
The provided articles explain the effects of the pandemic that will go beyond impacting the livelihood
and people's lives. The Covid-19 pandemic threatens to leave long-term effects on the global
economy. The effects could include weak productivity growth, inequality, poverty, and intensified
financial vulnerabilities. The authors note that economic prosperity takes a long period to be built but
can easily be destroyed. The International Monetary Fund (IM) warns that the financial crisis caused
by the lockdown is a frightening scenario.
(2) What are the projections about the global economy? Where are we now, and where
are we going?
According to Norton (2021), the World Bank projected that the global gross domestic product
would increase by four percent. This would leave economic action below the previous level before
the pandemic hit. The global economy forecasts are not appealing currently because of the high
unemployment rate and debt. Even after the disease is eradicated or controlled, it would take a lot of
time to recover the economy. Therefore, increasing debt and other risky stimulus behavior could
impend the recovery of a fragile globe.
(3) What is the current status of the US economy, and what are the projections? (Do your
research if necessary)
According to Amedeo & Wohlner (2020), the US economy is enhancing after the pandemic
after reviewing main economic indicators, including the GDP, inflation, and unemployment. The
economy improved in the third quarter by 33.1 percent. However, it was not sufficient to offset the
prior losses.
(4) What is your opinion about the K-shape recovery? What do you think the recovery
of the US economy will look like?
The K-shaped recovery happens when various economic parts improve at varying rates,
magnitudes, and times after a recession. This type of recovery will entail some economic markets
having robust growth while others are declining. The US economic recovery would be k-shaped
because the pandemic has altered economic structures and relations across the various sectors.
The nation would experience disaggregated economic variables, including income across varying
societal segments or employment in different industries.

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Running head: DISCUSSION FORUM Discussion Forum Name Institutional Affiliation DISCUSSION FORUM 2 (1) What do the articles describe? The provided articles explain the effects of the pandemic that will go beyond impacting the livelihood and people's lives. The Covid-19 pandemic threatens to leave long-term effects on the global economy. The effects could include weak productivity growth, inequality, poverty, and intensified financial vulnerabilities. The authors note that economic prosperity takes a long period to be built but can easily be destroyed. The International Monetary Fund (IM) warns that the financial crisis caused by the lockdown is a frightening scenario. (2) What are the projections about the global economy? Where are we now, and where are we going? According to Norton (2021), the World Bank projected that the global gross domestic product would increase by four percent. This would leave economic action below the previous level before the pandemic hit. The global economy forecasts are not appealing currently because of the high unemployment rate and debt. Even after the disease is eradicated or controlled, it would take a lot of time to recover the economy. Theref ...
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