E What Industries Will Be Hit The Most In The US If Coronavirus Is Not Contained?

<< Read More: Top 3 Best Performing Economies During The Pandemic

We have already got used to the fact that the coronavirus pandemic is roaming around the world. In December, it will be a year, when the coronavirus first emerged in Wuhan, and currently, it shows no signs of slowing. 

The vaccine has not been developed yet, which makes it even more difficult to tackle the virus. People have been left without jobs and while some countries managed to contain COVID-19 at some point, we are far from success.

The United States is a leading country in both the number of infected and total deaths. The virus spread rapidly in the country and a lockdown was imposed. It caused tremendous losses for the US and in this article, we will talk about the industries which will be affected most if it is not contained.

The financial industry

Without a question, this industry is the most vulnerable to the coronavirus pandemic. A lot of people have lost their jobs, markets crashed and prices went high. Enterprises have been shut down amid the fears of spreading the virus, and it is directly affecting the owners.

At the same time, Forex brokers in the US are also the “candidates” to suffer from the continued period of pandemic. Forex trading is a very popular activity and people who are short on money will have a tough time continuing this activity. So the Forex industry could also become a victim.

Media industry

The newspaper industry in the United States is also on the verge of collapse due to a lack of advertising. During the coronavirus pandemic, newspapers are switching exclusively to electronic versions, and the print media themselves, especially at the level of counties and small towns, are closed or forced to lay off most of the employees.

In these days after the introduction of quarantine and the closure of a number of enterprises and organizations, the newspaper's advertising business collapsed. Cinemas, music clubs, concert halls and art centers have closed. They not only ran advertisements in the publication, but also placed counters with free newspapers on their premises for clients. 

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