{"id":12052,"date":"2020-03-17T09:22:07","date_gmt":"2020-03-17T07:22:07","guid":{"rendered":"https:\/\/www.become.co\/blog\/?p=12052"},"modified":"2020-03-18T16:57:14","modified_gmt":"2020-03-18T14:57:14","slug":"how-has-coronavirus-impacted-the-us-economy","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/how-has-coronavirus-impacted-the-us-economy\/","title":{"rendered":"How has coronavirus impacted the US economy?"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\"><br \/>Nobody can tell exactly what the long-term effects of coronavirus will be on small businesses across the United States, and we don\u2019t want to be pessimistic or fan the flames of panic (there\u2019s certainly enough of that going on).<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">That said, staying in-the-know is one of the most important steps you can take to keep your business running strong during these uncertain times. With the risk of sounding clich\u00e9, knowledge really is power. Take a look below at <\/span><a href=\"https:\/\/www.become.co\/blog\/impact-of-coronavirus-small-businesses\/\"><span style=\"font-weight: 400;\">how coronavirus is impacting small businesses<\/span><\/a><span style=\"font-weight: 400;\"> so far.<\/span><\/p>\n\n<p><b>Coronavirus\u2019s impact on the USA\u2019s economy:<\/b><\/p>\n\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Federal Reserve has slashed interest rates to <\/span><a href=\"https:\/\/www.cnbc.com\/2020\/03\/15\/federal-reserve-cuts-rates-to-zero-and-launches-massive-700-billion-quantitative-easing-program.html\"><span style=\"font-weight: 400;\">0%<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Boston closed down or rescheduled several events that were meant to host roughly <\/span><a href=\"https:\/\/www.bostonherald.com\/2020\/03\/10\/coronavirus-sending-rippling-effects-through-boston-economy\/\"><span style=\"font-weight: 400;\">50,000<\/span><\/a><span style=\"font-weight: 400;\"> people<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.usatoday.com\/story\/money\/2020\/03\/06\/coronavirus-washington-seattle-economy-businesses-amazon-microsoft\/4965024002\/\"><span style=\"font-weight: 400;\">Washington state<\/span><\/a><span style=\"font-weight: 400;\"> shows \u201csigns of economic disruption\u201d as social distancing goes into full-effect<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The San Francisco Bay Area has seen a drop in small business gross receipts of as much as <\/span><a href=\"https:\/\/www.sfchronicle.com\/business\/article\/Like-an-immediate-recession-SF-businesses-15118013.php\"><span style=\"font-weight: 400;\">70%<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Stock markets on the whole took a <\/span><a href=\"https:\/\/www.cnbc.com\/2020\/03\/09\/how-to-protect-your-business-in-the-midst-of-the-coronavirus-outbreak.html\"><span style=\"font-weight: 400;\">7%<\/span><\/a><span style=\"font-weight: 400;\"> plunge in the wake of panic around coronavirus<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.usatoday.com\/story\/news\/health\/2020\/03\/14\/coronavirus-updates-trump-may-get-tested-house-passes-relief-bill\/5032571002\/\"><span style=\"font-weight: 400;\">20<\/span><\/a><span style=\"font-weight: 400;\"> states have closed all schools, forcing thousands of parents to stay home from work<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Curfews have begun to go into effect (see <\/span><a href=\"https:\/\/www.northjersey.com\/story\/news\/new-jersey\/2020\/03\/16\/nj-curfew-coronavirus-prompts-statewide-curfew-gov-murphy\/5057576002\/\"><span style=\"font-weight: 400;\">New Jersey<\/span><\/a><span style=\"font-weight: 400;\"> for example)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">For the first time in 75 years, the <\/span><a href=\"https:\/\/www.courier-journal.com\/story\/sports\/horses\/kentucky-derby\/2020\/03\/16\/kentucky-derby-2020-postponed-because-coronavirus-pandemic\/5056481002\/\"><span style=\"font-weight: 400;\">Kentucky Derby<\/span><\/a><span style=\"font-weight: 400;\"> will not be on May 1st<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/edition.cnn.com\/2020\/03\/16\/business\/mcdonalds-seating-coronavirus\/index.html\"><span style=\"font-weight: 400;\">McDonald\u2019s<\/span><\/a><span style=\"font-weight: 400;\"> has shut down all seating and play areas across the country<\/span><\/li>\n<\/ul>\n\n","protected":false},"excerpt":{"rendered":"<p>Nobody can tell exactly what the long-term effects of coronavirus will be on small businesses across the United States, and we don\u2019t want to be pessimistic or fan the flames of panic (there\u2019s certainly enough of that going on). That said, staying in-the-know is one of the most important steps you can take to keep [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11499,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How has coronavirus impacted the US economy? - Business Funding Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.become.co\/blog\/how-has-coronavirus-impacted-the-us-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How has coronavirus impacted the US economy? - Business Funding Blog\" \/>\n<meta property=\"og:description\" content=\"Nobody can tell exactly what the long-term effects of coronavirus will be on small businesses across the United States, and we don\u2019t want to be pessimistic or fan the flames of panic (there\u2019s certainly enough of that going on). 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