A promising statement has recently been made by Robert Kaplan who’s in charge of the Dallas Federal Reserve. President Kaplan is sure that the USA is sure to see an acceleration in the economic sphere considering a good pace at which the country’s economy’s recovering. These words can partially be proved by the state of things on the Forex exchange market. The confident growth of stocks of the largest American companies’ is the best indicator of stabilizing measures’ efficiency. Thus, it seems to be reasonable to agree with Kaplan’s words for world best forex brokers 2020 already admit that quite a number of currencies are growing in strength as well and show potential for fruitful trade.
Being a guest on “Closing Bell” on Tuesday, Kaplan spoke on his thoughts considering the state of the US economy in 2021. According to the Dallas Federal Reserve President, the country is going to see a considerable economic growth while the unemployment rate will only go down. Kaplan believes that following the current protocols is sure to allow America to get out of the present economic crisis without disastrous consequences. Also, he expressed confidence in the importance of the correct management of the virus problem and the good timing in developing the anti-COVID vaccine for it will allow the US to save finances and then use them in order to get an economic boost.
America must manage the virus maximum quickly to start recovering
Apparently, one of the most important things for Americans to do right now is to continue using coverings for face protection. The importance of it becomes even more obvious if to recall recent cases of people contracting COVID provoked by lifting some economic restrictions. Also, Kaplan mentioned that in his opinion, contraction the US economy to suffer this year because of the coronavirus may be up to 5%. In global sense, the figure may be somewhere between 13 and 32% as it has been predicted this spring.
Defeating the virus is most important for economic stability
A way out of the plight the US economy has been descending into since the beginning of the pandemic may be emergency programs able to really bring the grist to the mill. The amount of money to possibly be provided with the help of those emergency programs is up to a trillion dollars in liquidity and lending. However, the Federal Reserve President is sure that the best way to help the economy is to stop the virus as soon as possible. Kaplan is sure that it would be better for the USA if the emergency would not be put into effect.