The performance of the US economy is currently a function of the “very bad” behavior of the coronavirus pandemic and how America is handling it, John Bussey, associate editor of the Wall Street Journal, told the “Fox” podcast News Rundown ”.
Bussey said the country as a whole sees a lack of plans to deal with the uncertainty of the pandemic, leaving states to act individually.
SUBSCRIBE AND DOWNLOAD THE FOX NEWS SUMMARY
“This has led us to some pretty large and disturbing epidemics in one set of state after state after another, the inability of planners to say, ‘we’re going to go back to school, we’re not going to go back to school. school… for sure. go back to work or not, ”he said.
“And all of this is defined by the failure to manage the coronavirus crisis.”
US CONSUMER CONFIDENCE HUNTS IN JULY WHEN CORONAVIRUS SPREADS
According to Bussey, the economic figures for July will follow a “status quo” that will include high unemployment and a sharp economic contraction.
Bussey said U.S. companies would also begin to take leadership in the absence of a national coronavirus program, as some countries like Germany and Australia have succeeded.
GET FOX BUSINESS ON THE ROAD BY CLICKING HERE
“You will see cases of the coronavirus continue until there is a national program and companies and individuals adapting to it,” he said.
“You will see leadership at the episodic level of the business and you will see some states doing a little better than others. But of course there will be a return to these states of coronavirus cases from other states that haven’t handled this well. And that will be the status quo.
CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS