Economics

    Economics in America has been pretty wack right now, due to Covid-19 countless jobs have been lost and businesses fell under. I will first talk about how Covid-19 had a big impact on the stock market. At the beginning of Covid, most stocks were very low, but as January rolled around they went back up. This is normal even on a non pandemic year, they call it "the January effect".  Unemployment rates have gone up, the United States went from 3.7% in 2019 to a high of 8.9% in 2020 and is now 14.8%, Canada went from 5.7% to 9.7%, and Brazil went from 11.9% to 13.4%. This is a very intense change, the last change we had that large in our unemployment rates was from 1940 to 1942. Most countries are now in recession, the United States went -5%, and Canada went under -15%. In all honesty, I have tried to research recession, but I still cannot grasp what it means, so I apologize if anything I just said was confusing. The countries that rely on tourism, were drastically affected. Countries such as Greece, Italy, Spain, and Thailand were some of the countries affected. Pharmaceutical companies have been thriving throughout this, due to all the money they are being given to research, plus some of the Pharmaceutical companies involved with the making of vaccines sales have shot up. I am sorry if this doesn't make too much sense, I am not the best at understanding economics. 

Jones, Lora, and Daniele Palumbo. BBC, BBC News, 24 Jan. 2021, www.bbc.com/news/business-51706225.

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