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How COVID-19 Can Lead to a Sustainable Future
Why governments should be considering sustainable infrastructure investments in the near future.
As the Corona Virus continues to exponentially explode across the world, we become witness to the fragility of the modern markets. I’ve heard hundreds of anecdotal cases now of friends and acquaintances being laid off . Predictions by Goldman Sachs put the number of initial number of Americans filing for unemployment at over 2.25 million this week alone. Of course, this number will only rise as manufacturing plants close their doors and hard lock-down rules are put in place.
The economy will suffer tremendously. The estimates right now are as volatile as the indexes themselves. Certain economists are predicting unprecedented market damage. The New York Times outlines a cyclical loss of demand that will end small businesses. Many of those within cities that have high real estate fees will be force to shut their doors. In addition to the consequences of the virus, the price war between Saudi Arabia and Russia will greatly damage the energy sector of the United States, especially small fracking companies in the mid-west.
The economic fallout is similarly being met with never before seen actions from the Federal Government. Treasury Secretary Steve Mnuchin…
