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The American Society of Health-System Pharmacists (ASHP) reported that 323 "active medication shortages" were reported in January–March 2024. As a result of drug scarcity, many healthcare systems were forced to either ration out essential drugs, triage patients based on the severity of their condition and their need for the drug, or both.
The U.S. restaurant industry was projected to have $899 billion in sales for 2020 by the National Restaurant Association, the main trade association for the industry in the United States. [115] The industry as a whole as of February 2020 employed more than 15 million people, representing 10 percent of the workforce directly. [115]
Airlines. The airline industry took a sizable hit to the tune of $35 billion in 2020, according to CNBC. American Airlines’ stock dropped 45% in 2020, while Delta lost 31% and United plummeted 51%.
As these initial shortages were gradually remedied throughout 2020/2021, a second group of shortages emerged, afflicting industries dependent on global supply chains, affecting everything from automobiles to semiconductors to home appliances, in part due to China's determination to eliminate COVID-19 from its population by enforcing stringent ...
Over time, industries rise and fall based on demographic trends, shifting consumer preferences and technological developments. However, in 2020, entire industries that were thriving as recently as...
But on 1 February 2020, the People's Bank of China said that the impact of the epidemic on China's economy was temporary and that the fundamentals of China's long-term positive and high-quality growth remained unchanged. [287] In late January, economists predicted a V-shaped recovery. By March, it was much more uncertain. [288]
The Federal Reserve has expanded its balance sheet greatly through three quantitative easing periods since the financial crisis of 2007–2008.In September 2019, a spike in the overnight repo market interest rate caused the Federal Reserve to introduce a fourth round of quantitative easing; the balance sheet would expand parabolically following the stock market crash.
The phenomenon of urban food deserts – inadequate access to nutritious produce and other healthy foods within our most densely populated areas – is a known shortcoming of America’s cities.