In this second
article written by Sparshott, he highlights the reopening of the economy, the
consumer market within China, and the advantages of a company furloughing
rather than laying people off. President
Trump has been anxious to reopen the economy in order to stimulate economic
growth in the United States. What we have to be careful of when the economy is
slowly opening is not to overspend on things that are not necessary. The
economy may have opened up, but that does not mean that there will not be
another closure soon after. The consumer market within China is something many
global companies and corporations depend on for revenue. Some companies have
seen a little growth, but even that growth has attested hard to achieve in
these times. Furloughing is the act of temporarily laying off workers. During
this pandemic, many have laid off their workers permanently, but it has been
concluded that furloughing would be the best route to take. Furloughing would
lead to a faster economic recovery; some experts have said.
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