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COVID-19 and the U.S. market: Some States begin to reopen


COVID-19 and the U.S. market: Some States begin to reopen

May 20, 2020

More than 30 States in the U.S. are beginning to reopen in various degrees over the next couple of weeks as US closes in on 1 million coronavirus cases.

More than 30 States in the U.S. are beginning to reopen in various degrees over the next couple of weeks as US closes in on 1 million coronavirus cases.



The Situation as it Stands

With more than 1,350,000 registered cases in the U.S. it is the country with the highest number of COVID-19 cases in the world. 36,5 million Americans have filed for unemployment benefits the past eight weeks indicating how serious the situation is evolving.

In total four relief packages have been adopted, totaling the collective relief to $3,000 billion. In addition, the U.S. Federal Reserve has set up loan programs to provide $2,300 billion in economic support to companies. The relief and support plans are important steps in attempt to stabilize the situation and rescuing a distressed business community.

At the same time, it can be experienced that more than 30 States in the U.S. are beginning to reopen in various degrees over the next couple of weeks as U.S. closes in on 1 million coronavirus cases.

Doing Business in the U.S?

For further information about the situation in the U.S. please see the latest report from the Confederation of Danish Industry. The report provides a selection of information on essential developments related to the Corona crisis in the U.S. As for now, reports are also available on the situation in China, United Kingdom, Germany, France and Sweden.

For comments or questions please contact Louis Funder, U.S. General Manager at lfk@di.dk

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