What you need to know city :
After months in an economically devastating lockdown, America’s largest metropolis is taking its first steps in the long slog back to normal. New York City, hobbled by the biggest and deadliest Covid-19 outbreak in the country, began reopening on June 8, despite lingering concerns about the virus and against a backdrop of civil unrest over police brutality that led to protests, and at times, looting and violence.
Yet as the city’s economic engine revs up, questions abound: What will business in post-Covid New York look like? How will commuters manage in a social-distancing world? How will New York’s major industries, from finance to real estate and the arts, meet the needs of their customers and employees, all while trying to keep everyone safe.
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Key Coverage :
NYC Enters Phase Three. Here’s What You Should Know
New Yorkers Anxiously Exit Covid Lockdowns After 80 Days of Hell
Why New York Suffered When Other Cities Were Spared by Covid-19
By The Numbers :
$1.8T
Size of New York metro area’s economy, which rivals that of many countries, including Brazil, Canada and South Korea
63M
Visitors to New York City annually before the pandemic hit
900,000
Jobs that the city may lose during lockdown
Why It Matters
No city is more important to America’s economic recovery than New York.
As the capital of American capitalism, it’s a global hub for business and commerce. The economic output of the New York metro area, estimated at $1.8 trillion, rivals that of entire nations. The city of 8.6 million is also the country’s center for banking
and finance, real estate, media, retail, advertising, tourism and the arts.
United States Pictures
Dozens of the world’s biggest companies are headquartered in New York City, employing hundreds of thousands of people across America and the world. It’s also home to Wall Street, a vital part of the city’s economy and the go-to destination for global capital.
So understanding how New York City emerges from the pandemic — through the lens of business and finance — is crucial to understanding the prospects of the U.S. economy as a whole.
Corona virus (Covid-19) disease in the United States of America is an infectious disease caused by the newly discovered Corona virus.
Most people who have Covid-19 disease have only mild or moderate symptoms and recover without special treatment.
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