"El camino de la economía sigue dependiendo significativamente del curso del virus."
— Jerome Powell
Simplified Meaning:
How the economy does well or badly is closely linked to how the virus spreads and affects people. If many people get sick, businesses have to shut down, workers stay home, and less money is spent, all of which hurt the economy. For example, during the COVID-19 pandemic, many stores, restaurants, and factories had to close or operate less, which led to job losses and less money moving around. On the other hand, if the virus is controlled and fewer people are sick, businesses can open normally, and more people can work and spend money, which helps the economy get better. So, to improve the economy, it's important to take steps to keep the virus in check, like getting vaccinated, wearing masks, and following health guidelines. In short, managing the virus well is key to having a strong and stable economy.
