Unemployment numbers in the United States have surged, as its economy shrinks.
More than 30 million people in the U.S. have filed for unemployment benefits and America’s GDP has contracted by 4.8% for the first quarter.
Meanwhile, across the border, Mexico is also struggling with the coronavirus pandemic, but the number of cases and deaths reported so far is much lower than its neighbor to the north.
- Anthony Chan was a former chief economist at JPMorgan Chase & Company
- Nirupama Rao is an Asst. Professor of Business Economics and Policy, Univ. of Michigan
- Arturo Sarukhan is a former Mexican Ambassador to the U.S. and president of Sarukhan and Associates.
Just before the coronavirus hit the economy, wealthy U.S. investors piled into funds that take advantage of a two-year-old tax break meant to help poor communities https://t.co/5eGH7R02ZZ
— Bloomberg (@business) April 30, 2020
About 30 million Americans filed for unemployment benefits over the past six weeks, a grim marker revealing how badly the coronavirus pandemic has crippled the U.S. economy. https://t.co/HUdZUov42q pic.twitter.com/a60bF6yIyu
— USA TODAY Politics (@usatodayDC) April 30, 2020
"While right-wing governments in Washington and London are taking on huge debts to pump money into the economy, a self-declared leftist in Mexico is preaching fiscal responsibility and telling people to tighten their belts," writes @ioangrillo https://t.co/9nJv3ma36m
— New York Times Opinion (@nytopinion) April 29, 2020
VIDEO: Healthcare workers and other staff from Mexico City's La Raza hospital call on authorities to supply them with better equipment and safer working conditions when dealing with coronavirus patients pic.twitter.com/xyWkjHCMOE
— AFP news agency (@AFP) April 28, 2020