Topic: US Economy finally rebounds in the right direction. (Read 1190 times)

I am highly skeptical also with this vaccines they were trying on humans including the new strain. I think they will need to do more research and testing about it because the news is really creating a fud for them. There might be a side effect or something but in order to know that they really need a lot of volunteers to be injected with these vaccines. At least they won't have to start from nothing since they have some similar data from the covid-19.

I also completely agree with your opinion and am also skeptical about those vaccines that are now offering people for vaccination. These drugs do not even meet the standards and have not passed clinical trials. But nevertheless, the virus proved that the whole world can be easily manipulated, because in the current situation this is exactly what happened, when certain circles skillfully controlled medicine, scientific researchers and even the media, manipulating public opinion and achieving their results.

vaccines against viruses have never been something that humans could come up with in such a short time ever. it always takes years of failure before they can make something with a decent enough efficiency. i am highly skeptical of the results being reported from these vaccines that were suddenly found in such a short time!

in any case that part was my skepticism but this other part isn't, none of these viruses have shown any effects whatsoever on the new strains that are starting to be found such as the South African and UK strains.

What do you mean by this? Several vaccines have shown great efficacy against the virus (90% or better).  When upwards of 70% of the population has been immunized, the whole population will be considered to have reached herd immunity.

No it isn't worth the risk putting yourself by testing out the vaccines. But if you're already a COVID 19 patient and the risk is already too high for you then putting up yourself on for testing the vaccines that are scientifically proven to fight off the virus then why not.
That's why there are various of vaccine are being created right now which are scientifically believed that can fight off the virus, these vaccines are tested out on some lab rats as human testing are unethical that why the criteria of these haven't overcome the coronavirus yet.
Anyway, as things go well then so is the economy and even before the vaccines are created the people are adjusting to the new norm which makes the economy bounce back to normal.

One way or another, from all the information received, which is from official sources, as well as from other news media channels, it can be concluded that no vaccine meets all the criteria that should overcome the coronavirus and give immunity to humans. Is it worth taking this risk and putting yourself at another risk by acting as a laboratory rabbit for research.

I have already posted a link, about the official statement from Pfizer. They have confirmed that as of now there is no proof to show that a single dose of the vaccine gives any sort of immunity from COVID 19. On top of that, while the vaccines from Pfizer and Moderna are single-component vaccines, the Sputnik -V vaccine of Russia is a multi-component vaccine. It comprises of two different components and that means that the first dose and the second dose is comprised of different ingredients.

The second dose increases the percentage chances of immunity I think its not an absolute requirement .  Where doses are short or the country poor I doubt people will receive more then 1 injection this year via the state anyway.   That might be enough or possibly some mistake but as production continues it should get easier to do 2 doses anyway, when we are talking so many millions and the whole country then its going to be an entire year to even raise immunity levels with a vaccine and no solution is perfect;  I think we start to see a pandemic type contagion diminish and disappear about August 2021 onwards.   Its more important about mutant variants and if they continue to be covered by a vaccine developed.

Anyway I wanted to post this chart I saw on the Bitcoin price vs the debt issued of the largest economies, the loose monetary policy is giving an advantage to higher pricing on a few assets including Bitcoin at this time.

China do not cooperate with Africa, rather they colonize because the countries in Africa are fooled by a debt trap by China that they cannot pay, so they have to pay a higher price, namely their country.

The economies around the world were affected by the pandemic, with the development of the anti-covid-19 virus, gradually economic activity will return to normal.
Regarding how the economic development this year really depends on the policies taken by the government, each country will have a different economic resurgence

Correct, the problem is that the supposed recovery of the US economy is nothing but a mirage, the stock market is doing well after the crash it suffered when it was announced the coronavirus was a global pandemic, however the number of businesses that filed for bankruptcy are never coming back, those people do not have money to start new businesses and no amount of loans and money printing policies will bring those jobs back, and the rest of the businesses still in place are not hiring or are automating processes as well and they are firing people as well so things are not looking good for the US economy.

Basically it is semantics, it "started" in the sense that they got their first doses, so you could say that "people are still not vaccinated but the vaccination processes has started with 2.8 million people getting first dosage" if you want to. Yet people prefer to say "vaccination has started" it is a lot simpler and it does tell you everything you need to know. We still need a lot more vaccination, we need about 2-3 billion people vaccinated, which probably means about at least 5 billion vaccines given to all around the world.

Big nations will want to be the first one, but the reality is that no matter how much you vaccinate yourself, if everyone around you is not vaccinated that means you are not going to be safe neither, so this time around those big nations need to help all the smaller and poorer countries to get as many vaccination as possible too not to help others only but to help themselves too.

I do not know all the details about the situation with the US economy. 

However, in my opinion, the situation around China is a negative moment for the prospects for US economic development.  China is actively creating its own financial system and economy focused on the domestic market.  For China, this is a very real task, since the population of this country is more than 1 billion people. 

In addition, China is actively cooperating with African countries.  Its goal is to develop the natural resources of this continent.

The American economy does not prevent anything at least now to take and rise again-except that the United States now has as president a left-wing fan of blacks and the unemployed, as well as 100% taxes, Mr. Biden.
There can be no talk of a rapid and successful economic recovery where the government only came to raise taxes on everything around.

2.8 million have received their first dose. But in order to achieve immunity from COVID 19, two doses are required, and the second dose will be administered after 3 weeks from receiving the first dose. So technically, none of these people have been vaccinated. They have received the first dose, but I will not consider them as "vaccinated" until one week passes after their second dose.

And regarding the AstraZeneca vaccine, normal Phase III trials have shown that its efficiency is around 70%. They tweaked the results and added some filters, to claim that it is up to 90% effective. I don't believe in the second number.

BTW, Pfizer has confirmed that single dose of vaccine is not effective against COVID 19. It requires two doses: https://www.axios.com/pfizer-single-dose-data-716702dd-324f-42b9-b88d-07df43ca198a.html

He is in a world of his own.
The only thing that he is a bit right is that at the current pace vaccination is going (up by only 1 million in the four days since your last post) it will indeed take quite a lot, but this is just the beginning, a lot of logistic challenges need to be solved and it was also a pretty bad period with Christmas and New Years Eve.
For the rest, what a mess, I am curious where did he get the number of ultracold freezers in the US when all the publications claim nobody has real statics how many are there, and culminating with the low efficiency of the Zeneca vaccine but forgetting there are also other alternatives like Moderna who can be stored at just below -20 degrees, that is something a normal household freezer is capable of keeping.

The only thing I'm concerned about right now is the immunization period. If the rest of the world is not capable of vaccinating themselves till the effects of the vaccine wear off (if! they do) then next year we're back to square one and this time it will be ten times worse economically.


There will be no country-wide lockdown, he has already changed his mind, he knows nobody can afford this on top of what happened already.

It's not so clear. On the one hand, the pandemic leads to an increased death rate and the introduction of restrictions by government agencies, on the other hand, thanks to huge cash injections, the stock market not only continues to experience a decline, but in the face of many issuers continues to break exchange rate records, which leads to inevitable fears about an inflating bubble in the stock market and bad consequences for the market after the pandemic.

Lockdowns imposed by Biden may offset this recovering economy of the US next year, but accompanied with better healthcare and public awareness, this should help out the country recover in the long run instead of pursuing and pushing the economy to recoever as wuickly as possible without a proper contingency plan. Hopefully the vaccine Pfizer was making would be able to catch up to the fast evolution rate of the virus, if not we'll be risking a couple more dead people, more infrastructures closing and businesses dying out, and stricter lockdown imposed on the country. This will badly hurt the economy and may even make it hard for the US to recover on the long run.

In my opinion the USA economy is still a good indicator for the hole world. If the USA can make a recovery then it won't take long for other countries to follow. USA is still the leading country in the world and a lot of orrger countries depend on the demand from America. This is a pretty good sign did all the stock investors. We should see higher returns in the near future.

In the modern world, no matter how much someone would like it or not, the world economy is very dependent on the US economy. There are several reasons for this:
- "blood" of the world financial system - the dollar
- The US market is the largest consumer market in the world. And how much he consumes has a very strong impact on producers from the rest of the world. No consumption - no production, or rather it becomes unprofitable and leads to overproduction with all the ensuing problems
I can list many more, but these are quite enough

Not true. The AstraZeneca vaccine has similar efficacy rates as the Pfizer vaccine.  The AstraZeneca vaccine was shown to have efficacy rates up to 90% when a lower first dose was used, while Pfizer is slightly higher at 95%.  Both are extremely good.  You're also forgetting Moderna which has a 95% efficacy rate.  The Pfizer vaccine is far from the only solution.

https://www.theguardian.com/society/2020/nov/23/astrazeneca-says-its-coronavirus-vaccine-has-70-per-cent-efficacy-covid-oxford-university

Even though I am not an American citizen, I always follow the news that is happening in America. And I agree that currently the US economy is
getting better and is in the right direction, this of course must be appreciated. considering that America has experienced an economic crisis
throughout 2020, maybe this is because the vaccines have started to be distributed.

So pushing the American economy in a positive direction, but like many people I also have doubts in 2021 with the American economy. Maybe
because one of Biden's policies is to lock down, hopefully Biden changes his mind. Because I agree that the lockdown will only make the economy
worse, because not all businesses can work with work from home.

When it comes to the pandemic I think the world will go back to the way it was thanks to the vaccines, at worst we may have to keep putting that vaccine forever but that seems like an acceptable outcome, however I do not think the economic prospects next year are that good, governments have inflated their currencies a lot and the economy is still not recovering as much as they would like because everyone is afraid of lockdowns and many companies have began to replace their employees with robots and AI, so things are not looking as good to me.

But what about all these vaccines that are 95% effective and have already started to be used among the general population? In addition, the winter will end in 3-4 months, and it will be the end of a serious pandemic because tens of millions will be vaccinated, and those who survived the virus will have natural immunity. Joe isn’t quite as bad as Trump supporters are trying to portray him, and hardly anyone can outdo a man who was anything but a politician who deserves any respect.


How it didn’t start when about 2 million people were already vaccinated? The US also has an approved Moderna vaccine that only needs minus 20 Celsius, and as far as Pfizer is concerned, it is true that it must be at minus 70 Celsius, but after thawing it can be stored in a regular freezer for 5 days. AstraZeneca also seems to have found a way to make its vaccine effective, at least that's how it was announced a few hours ago.

---

Considering this year, I think that according to the current indicators, the next one should not be worse, but on the contrary, everything should take an upward trajectory, because the world must return to normal as soon as possible.

The mass vaccination program hasn't yet started in the United States and the Pfizer vaccine is very unstable and needs to be stored at minus 70 degrees. Looking at the number of ultra-deep freezers in the US, it is going to take ages to vaccinate everyone with this vaccine. And the vaccine from Oxford/AstraZeneca, which doesn't need such ultra-low temperature to store has shown a very low efficiency.

Pfizer vaccine made a good contribution for that rebound and hopefully we are now going to the right path we’re used to be. Anyway, I just heard that Trump is planning a Martial law because Biden defeated him and I don’t know what will be the impact of this one, but I’m sure there will be another problem if this things will push through. We are all suffering because of the pandemic, I wish for the fast recovery especially on a developing countries.

Unless the new strain of the virus is more deadly and the new vaccines cannot cure it I think lockdowns will ease down significantly, however I think the economy is in serious trouble, the stock market may be at very high levels but we know that is not a reflection of the economy anymore, people are losing their jobs and those that have the money do not want to invest in creating new businesses because they are afraid of more lockdowns so people are left with nothing to do and no money to pay the bills.

Joe Biden is the “science guy,” as in he said he’ll listen to what the science dictates. Trump is the “death president,” in that he doesn’t care how many Americans die as long as he doesn’t lose money because the economy is shut down. Trump is highly leveraged and doesn’t have the cash to pay back his loans in good times, let along when the economy is in the dumps because of the pandemic. That’s his only motivation in keeping the economy open. Meanwhile, a 9/11-worth of Americans are dying every day because of it and he still has convinced the dumbest part of the population that this is just about freedom and not Trump making money.  This is why the adults in the room pushed for trump to put his investments in a blind trust, so he wouldn’t have such blatant conflicts of interest between himself and the good of the nation.

Do not forget that Biden is coming in the office on 20th Jan.
He's much more pro-lockdown and could close the country again. This will sink the economy again. And as much as people don't like Trump, he's a better economist.

I am also optimistic. I am glad that the US economy is beginning to recover. It was a very hard year for them with the highest numbers of Covid19 infections affecting them notably.

But there is good news, the number of infections due to Covid19 has decreased, which indicates that the measures that were taken recently are the correct ones.
On December 11, "280,514" new cases had a great increase. On December 25, it declined to "91,922" new cases, which indicates that it is the beginning of the virus control.

It will take time to rebound economy of all the world not only US in right direction.
As Covid pandemic had affected over all world seriously and the 2nd wave of the pandemic is more effective then Ist one. So when vaccine will not final then world will disturb in every aspects. But i think now world need to start work and life with pandemic care. It will be good option for all.

I find it strange the original post was made on the 23rd of December, as the US stock market has been going strong and higher than pre-covid levels for several months now. It is a bit of a paradox really and may be showing a bit of a lag with what is actually happening to most people. Millions of jobs have been lost, plus the country has been possibly the worst affected out of all major economies and is in the midst of a recession - yet the economy is currently looking quite stable. I wonder how long it will last until reality starts to hit.

Hopefully, the bounce back of U.S. would continue despite the risk of being exposed again to the new strain of corona virus. Their economy is indeed recovering from the lockdowns during the early months of this year due to the pandemic. They just recently eased their safety measures for the sake of the economic progress because of they won’t do it, they would surely suffer due to higher unemployment rate. However, I think because of the newest strain of covid-19, U.S. would impose another quarantine protocols and such to minimize the spread of contagious virus.

Next year, it would be Joe Biden’s turn to lead, and people are really expecting much better handling of the virus and of course the economy. I just really hope to have a fruitful 2021 for each and every country. 2020 brought so much struggles already. Majority of the third world countries can’t afford to undergo such trouble again due to financial issues.

indeed America will do anything to restore economic stability. that we're only seeing one step up from Biden's performance, not quite yet. There is nothing wrong with this, this is the initial strategy for recovery in 2021. We need to support it, whatever the reason. because currently America is still the foundation for other countries in the future.
and in my opinion, there is no more Trump, no more Biden, but togetherness on behalf of America that must unite.

The next steps would then have to be carried over to Biden, and we’ll see whether his first few months in the office will curb the lackluster performance of the US economy and turn it into something even better. We don’t have a list of concrete policies of his administration yet, only promises and positively-scripted actions in the near future. There are lots of opportunities for Biden to end this bad beat in the economy and I hope he address them well.

But how long can you go with a  complete lockdown?
And in the first place, it's impossible to lock down the entire country perfectly, forget Wuhan, that was a province, not entire China!

You shut down pubs, schools, but you must still keep stores open, you must keep the food industry running, you must keep deliveries on, all those people are running around, and if one is infected you start from the beginning. And the problem is the people who have been left with no income, how do you plan on keeping them alive, think of 20% of people getting unemployed and the rest having to pay for them, and the spiral of death doesn't stop here, you might work from home but suddenly a lot of your customers are seeing their business affected also because those 20% are no longer buying stuff so in the end, everybody will be affected. But that's not the end, once we get rid of the virus, you need again a ton of money to start all the supply chains, and until you get customers you have to take loans, but customers will not come that easily because they themselves are waiting for money from people who have no money!

A full lockdown being reinstated again for 2-3 months will mean at least 2 years of pain, two years in which at the end we might see some other thousands die because they don't have money to treat their affections, you will see people getting sick because they are stressed and malnourished you will see a ton of problems.

Besides, what's the point at this stage when you can't close completely the borders?
Yes you enter full lockdown, you eradicate it, and then, you need one infected guy to get in the country undetected and we start again. Remember that this is how it started, with only a few, what are you going to do next, again for 3 months? And then again?

Look at Sweden, they had no complete shutdown, and they although are worse than the other Nordic trip they are still doing better than Italy and Spain, and the UK. If people in a country are not willing to respect a few bits of advice then you can be sure that no matter how you try to enforce them there will be enough finding ways to get around restrictions to make all the measures useless.


You can send me 1 kilo of that toilet paper in 100 bills, I'm paying you one full BTC for it.  

The question is.... Do we sacrifice people's lives to boost the economy? The US has the largest number of Covid infections in the world and also Covid related deaths in the world. Do you really want to tell me that it is the best solution to "remove" lockdown restrictions and allow more people to die?

Also... How long can Trump or Biden print "Toilet paper" money to boost their economy? Trump just said he did not want to sign the $600 ...because he feels it is not enough.. he wants to give $2000 per individual and $2000 per couple.  

I have reasons to suspect that this recovery is not going to last long. First of all, the COVID 19 pandemic is peaking now, with around 3,000 new cases per day, and close to 200,000 new daily infections. With Biden taking over the presidency next month, we can expect more lockdowns and other restrictive measures. And secondly, taxes are expected to be raised by Biden, and this is going to push the economy back to recession.

One thing concerns me the most.
$3 trillion is even more that a half of all US dollar supply.

Interesting what will be his actual decisions when that time comes. Some parts of the world are having their lockdown again. This virus is really affecting not only the US economy but the global economy. With the vaccination starting to roll out, we will have a brighter year this coming year. Let's hope that these vaccines will at least contain the increase of covid cases.

My first thought after reading the starting thread.
Joe Biden.
His goal is to cleanse this Covid-19 problem even if it needs more lockdowns being applied.

Entertainment industry. Gymnasiums being closed down and I bet all sports will be affected by it.
That will be a huge impact on the economy of the US again. Billions of money being halted and a lot of people will lose their job.
There must be another way to fix this.

The people of USA demonstrated the whole world that how crazy and idiotic they can be. It has been shocking to see the cycle of fake news, divisiveness, conspiracy theories that have led to a condition that there are more deaths in US than any other developed country.

COVID is a bitch but wearing a mask and taking care of basic hand hygiene plus keeping distance has helped a lot of other countries. Even the huge population of India has been able to keep their numbers lower than the US because people are not behaving childishly. Businesses have slowly been able to stay open with people wearing masks and keeping distance.

If good sense were to prevail, full scale lockdowns wouldn't really be needed. But then there are these people who think that wearing a mask or taking a vaccine is going to result in them becoming slaves.

Not early though. It's been a tough year to consider that this pandemic has hit since last year but most of the countries including the US has only reacted after it's getting serious early this year.

One of the reason that it's a self-inflicted downturn is due to the printing of more dollars. The massive money that they've printed just plunged their economy and with the help of businesses locking down due to lockdowns, that made the impact stronger. Also, the election has probably made it even good when there's already a hint who will be the next president. Elections do make investors confident if they like the winning candidate.

This is great news. We really need more positive news right now. The second corona wave is very bad and hitting many businesses around the world. The best news we got s far is that the vaccines are finally being used. If can get a high number of immune people in the next few months we should be able to beat the virus in 2021. Economic growth is directly linked to the corona numbers in my opinion. The higher the numbers the higher the chances of another lockdown and lockdowns are the worst for the economy.

The down turn benefited Trump's businesses, the laws he passed were to benefit the 1%. The lockdown could have gone a little different if the people in power at that time knows what they are doing, their head was up their asses that they couldn't see a solution except a stimulus that will only revive the economy for a short period of time. 3% is still not a good number when it comes to the virus, in my opinion risking your life to go out to work because the rate is low is pretty dumb, I would only work if there is a 100% survival rate, not to mention the hospital bills that you accrue when you get infected, in my country, having to go to a hospital is a bad thing because it could have been avoided although the bills are not as big as US where a broken arm costs a month's rent.

Trump will leave the White House while the United States suffers from the worst recession in its history.It is true that the current recession and the poor economic situation of the United States is one of the results of the spread of the Corona epidemic worldwide, but Trump's policies in dealing with the epidemic have made the matter worse. The US Department of Labor estimates that more than 21 million workers have lost their jobs. There are 3.6 million permanent unemployed for more than 6 months
The new US administration must now start working hard to get rid of this bad economic legacy that it inherited from the old administration. Of course, it needs some time for results to appear on the ground.

Some cite the recent uptick of US stocks as evidence a recovery is imminent. (Without looking at economic projections which some have already mentioned.) We might logically deduce whether recovery is likely by attempting to rationalize market trends in 2020. I'll give you an example.

#1  What is normal market behavior for Vitalik Buterin or another major crypto holder selling off a portion of their holdings. Naturally we would expect a decline.

#2  This same trend holds true to US stocks and investments. Its typical for a stock to decline after a CEO or other major shareholder dumps a portion of their holdings.


#3  If 1 and 2 are accurate then amazon's stock rising after Jeff Bezos dumped $3 billion of AMZN stock in november would appear to be an anomaly. But that market trend might also be explained by the following.


...

In attempting to deduce 2020 market trends it could be fair to say US stock uptick is correlated with recovery.

Or it might be accurate to say US stock upticks are correlated with federal reserve injecting liquidity into stocks via banks.

Who could say which prospect is accurate.

I disagree. There are two primary groups of people. One group benefits from lockdown policies: they work from home, they collect extended unemployment benefits or from other government programs, etc. I personally know people who have taken tens and tens of thousands of dollars from the government.

Another group does not benefit: "non-essential" businesses are being completely ruined. Many workers and business owners, particularly in lower classes and in more informal economies, do not qualify for the patchwork of stimulus benefits. So they have no choice but to work, and to go on with their lives whether or not lockdowns are in effect.

Meanwhile, those who benefit from the lockdowns sit on their high horses in judgment......

^ Probably, it is good for the US’s economy if it’s going to a right direction. But everything will change once the administration has been changed and Biden will soon sit at the White House. And Trump is better when it comes to economics.
I would bet, Joe has a better connection anyway. He doesn’t need to be great in economics. If it’s his weakness and he is a great leader, he doesn’t need to do it. He can ask for assistance from his connections and everything will be set up. We will see.

The economy down turn was self inflicted, I think Trump play into the hands of this Globalist and helped him destroy the economy he used as his greatest achievement, there is no need for this lock down, when there is more than 97% chance of surviving Covid-19. I expect Q! to be very good as this lock down is eased

Dollar will not drop more than as it has now and started to recover. Stimulus has not been the reason for dollar drop but the election preparation. Monies used for election are not invested money but stimulus was either used to continue small businesses or invested into cryptocurrency. The US economy needs more stimulus to go on into small business investment so that job creation will be on the high and the economy will pick faster than it will if no stimulus was given out.

I don't even understand the fact that why people of the US are complaining so much about the lockdown. It's not like anyone is getting benefited from it. Lockdown is essential !! Very essential!! The strain in the UK is an example so as what will happen if the virus was allowed to mutate uncontrollably.

Lockdown is essential but at the same time the government have to look into the fact that people here are living without jobs and small businesses are already done for till now. They have to handle everything. At least I believe that anyone would be better off than Trump and honestly after a pandemic what we saw in the US was not even that bad. They will recover soon and I do think it's normal , but still the value of dollar is like a balloon. If they continue to bring out the stimulus , it can go down anytime.

We are yet to crash and burn think Jan 10-19.  Right before Trump hands it off to Biden.

2021 will be brutal.

things have gotten better but only a tiny bit. the economical problems that the world is facing is a lot bigger than this to be solved this fast, we are just seeing the tip of the iceberg. US is still facing the COVID19 pretty hard and anywhere that lockdown is removed is just because the economy would fail if it is kept close for longer otherwise things haven't improved with the pandemic.

if you look at the charts reported by worldmeters.info you can see that we are literary at the peak of the pandemic with both new daily cases and daily deaths with US at the top of the list on both metrics by far!

we also still have all the money US minted which as we know enters circulating slowly and will cause inflation, instead of being dumped into circulation right away and blowing up the economy.

Well that's happening all over the world! Employment is directly related to business and if the businesses were not allowed to operate, they won't hire people to work for them. So with the lockdown easing, businesses are opening up and they need people to operate. So people are finding employment. That's a simple linear relationship with the economy.

But recently a new strain of COVID is found in Europe, especially in Britain and Spain which is 70% more infectious. With this, UK has already started another phase of lockdown and many other EU nations will follow the same practice. So a risk is brewing up!

Well yes and no. Q3 was strong, Q4 is looking weaker. There is a general expectation of weak growth or even a contraction next quarter.

Makes sense when you consider the insane amount of fiscal stimulus earlier in the year, which dried up this fall just as huge economies like California began facing new lockdowns due to COVID-19.


New unemployment applications are back at 3-month highs. It's all about how you look at the data.

Congress did just pass a modest $900B stimulus package, and they're doling out $600 checks to most Americans in the next few weeks. That should prop things up a bit.


I don't think he has the authority to do that. It's up to governors at the state level. Isn't it?

Yeah,but the "lockdown guy" Joe Biden will become president next year.
So a new wave of lockdowns might begin in 2021,causing a new wave of unemployment.
I'm beginning to think that the US and the global economic crisis will be W-shared,or even WWW-shaped.
This means that the first crisis will be followed by a fast recovery and a new crisis right after the recovery.
We don't know how the economy will react to the increased inflation+increased debt levels,caused by the money printing and stimulus packs due to the recession,after the pandemic ends.

I don’t even have to say it but it’s been a horrible year for the US economy, but as we finally bid this year a goodbye it seems that the US economy is finally starting to rebound in the right direction. Furthermore where businesses are allowed to remain open those states are recording low number of unemployed people, which shows that a recovery in the short term is quiet possible don’t you’ll think so?.

Sources:

https://www.cnbc.com/2020/12/22/us-gdp-q3-2020-final-reading.html

https://www.bloombergquint.com/global-economics/u-s-economic-rebound-is-patchwork-of-virus-risk-and-rules