The DOW This Year - Sarah Seeliger

The DOW This Year 


At the beginning of the year, the stock market going normally, but starting on February 28th, the stock market dropped quickly and drastically. The lowest dip in the DOW was on March 23, which was $18,591.93. It has gone back up since then, and the price today is $23,018.88. The coronavirus, as well as the social distancing and work at home orders, are some of the things driving this extreme dip in the DOW. Another thing that is driving this dip is the large number of people who are losing their jobs. 
 In the next 6 months to 1 year, I think that the DOW will slowly go back up. I think this because as the social distancing and stay/work from home orders are gradually lifted, people will slowly be able to go back to their offices to work, and people who are currently unemployed will be able to look for jobs. Another thing I think will help raise the DOW is people being able to eat out at restaurants once we are able to again. As of right now, most restaurants are doing delivery and takeout, but I think that due to the fear of possibly getting or spreading coronavirus, and not being able to see what's going on in the restaurant, people are scared to order. 

Two GPHC topics that I think the current situation relates to are development and economic sustainability. I think that this relates to development because development is at a halt right now with the economy and trade closed. I think that this crisis relates to economic sustainability because people aren't able to go to work and the rate of unemployment has gone up. Because of this,  there might be a decrease in places hiring. The economy itself also is harder to sustain because of the rise in unemployment and the world coming to a halt. 

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