In the midst of a global recession and the United States presidential election, we see another unfortunate development with the president of the United States, Donal Trump, testing positive for the Corona Virus. It shouldn't come as a shock that this will have an impact on the recovering economy of the country during the pandemic. Not only will this effect the economy, but also the upcoming election which is crucial for the country. The presidents illness adds to the already existing concerns of investment, and this has been reflected in the performance in the stock market. Since the announcement of Trump's illness, the stock markets have fallen, with investors starting to incorporate political risk into their outlook. Stock futures fell more than 1 percent in overnight trading after Mr. Trump’s Twitter post, and shares were down about 1.4 percent at the start of trading in New York. In terms of the race for the presidency, J.P. Morgan analysts wrote on Friday that the president’s illness slightly increased Mr. Biden’s chances of winning. What do you think will happen to the economy while the president copes with his illness? How do you think this illness will impact the presidential elections?
Phillips, Matt, and Eshe Nelson. “Stocks Fall After Trump Tests Positive for Covid-19.” The New York Times, The New York Times, 2 Oct. 2020, www.nytimes.com/2020/10/02/business/trump-covid-stock-market.html.
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