When Trump had the coronavirus, people thought the state of his health would have varying effects on the economy depending on how he progressed. Depending on how Trump progresses with the virus, he could “dismiss the virus as no worse than the flu, inciting his followers to remain massless, or he could be chastened by the experience and urge them to take the disease seriously, says Schenker. Since Trump had first hand experience with the virus, his followers will believe him more because they will deem him a credible source. “Bloomberg Economics estimates the U.S. economy grew at an annual rate of 28% in the third quarter but will grow at a rate of just 2.5% in the fourth quarter.” How did you expect Trump’s diagnosis of the coronavirus to impact the economy?
Article Link: https://www.bloomberg.com/news/articles/2020-10-02/will-trump-s-illness-slow-the-economy-s-rebound
I think his diagnosis definitely put more uncertainty into the economy because someone in a high position of power got covid which shows that no one is immune. However I think with his speedy recover that did not put him in the hospital for that long encouraged his followers that the virus is not as severe as doctors make it out to be. This could lead to a spike in cases with people who think it is not a big deal.
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