Tuesday, September 16, 2025

New York Governor Warns Post-Pandemic Economy May Remain Stagnant for Some Time

New York Governor Andrew Cuomo has a grim forecast for the state’s post-pandemic economy. At a press conference on Tuesday, he cautioned that although New York is going ahead with its planned phased reopening, the economy is most likely going to remain at a standstill for some time. As a result of the coronavirus pandemic, thousands of small businesses were forced to shut down, with some even permanently due to significant losses of revenue. To date, New York has had 362,700 infections, with approximately 29,220 deaths, with new cases still on the rise.

As a means of jump-starting the economy, Cuomo is planning on meeting with Donald Trump regarding federal aid for the state’s new infrastrcture projects. If discussions are successful, additional government expenditure will not only help get Americans back into the labor force, but also update some of New York’s crumbling infrastructure.

In order for a successful phased state re-opening, Cuomo is adamant on increasing the rate of testing for the coronavirus, as well as paying particular attention to zip codes with exceptionally high rates of infection. Gradual re-opening is only going to commence for those regions which meet a list of health criteria, as well as stringent plan for rapid contact tracing.


Information for this briefing was found via CNBC. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Kontrol Energy Finally Releases Some Data On BioCloud Detection Limits

Well after a month following the initial release of “positive lab results for COVID-19 testing,”...

Thursday, October 29, 2020, 09:06:50 AM

America’s Second Largest Shale Producer Chesapeake Energy Files for Bankruptcy Amid Oil Market Slump

As the demand for crude oil continues to remain low and inventories pile up amid...

Tuesday, June 30, 2020, 01:34:00 PM

Vancouver Housing Sales Surge by 29% in October Despite Economic Slowdown

Despite the resurgence of a COVID-19 wave, it appears that Canada’s housing market still remains...

Tuesday, November 3, 2020, 04:29:00 PM

Trump Looking At Another $2 Trillion Stimulus Package Aimed at Infrastructure

Yesterday morning President Donald Trump went to Twitter expressing his desire to introduce a large...

Wednesday, April 1, 2020, 10:23:43 AM

US Economic Recovery Hits Standstill After Consumer Spending Declines Once Again

According to consumer spending data compiled by JPMorgan, it appears that the economic recovery in...

Tuesday, August 4, 2020, 03:41:34 PM