Countries are shutting down due to the new surge in Coronavirus infection rate. France and Germany

The economy has been rocked by the coronavirus pandemic and it's having a bad effect on almost every country around the world. The Stock market, small businesses, and transportation industries are been affected by the need to shut down to prevent the fast-spreading coronavirus. France is shutting down soon, and Germany has agreed to go on a lockdown too. 

 

"We must act, and now, to avoid an acute national health emergency," Chancellor Angela Merkel said while announcing Germany's four-week shutdown.


"We can say that our health system can cope with the challenge today," Merkel said. "But if the pace of infections continues like this, then we'll reach the limits of what the health system can manage within weeks."

“(France has been) overpowered by a second wave,” Macron said in a nationally televised address Wednesday. The government is prepared to present further details of the new lockdown on Thursday.

"We are deep in the second wave," European Commission President Ursula von der Leyen told reporters in Brussels. "I think that this year's Christmas will be a different Christmas."

 

If France and Germany shut down, this means that European countries like the UK, Italy, and others may follow the same step to stop the rate that the coronavirus is spreading.  Also, this may affect the economy in America. If Europe goes on a lockdown, this means that they will close the border and this may affect America because American does business with Europe.


If American shut down, it will affect the economy and the stock market may feel it heavily.  America shutting down will be down to whoever wins the next presidential election to decide if America stays open or closed in other to reduce the damage of the coronavirus pandemic. 

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