— This is the script of CNBC's news report for China's CCTV on June 2, 2020, Tuesday.
Days of mass protests have raised growing concerns that the outbreak could worsen in the United States.
As we've seen in the news over the last few days, protests often involve hundreds of thousands of people, many of whom do not take the necessary precautions, in some areas where protests have broken out, such as New York City, the lockdown has not been fully lifted, raising the risk of further spread. Officials in several cities, including Atlanta and New York City, have asked those protesting in the streets to undergo coronavirus testing. The governor of New York is concerned that the protests could derail the state's nearly 100-day battle against the disease.
Governor of New York
And now we're seeing these mass gatherings over the past several nights that could, in fact, exacerbate the COVID-19 spread. We spent all this time closed down, lockdown, masked, socially distanced, and then you turn on the TV and you see these mass gatherings that could potentially be infecting hundreds and hundreds of people after everything that we have done. We have to take a minute and ask ourselves, what are we doing here? What are we trying to accomplish?
African-American and Hispanic communities could be particularly affected.
Former Commissioner of Food and Drugs
This disease has disproportionately affected those communities for a host of reasons, and the fact that the protests took part in large measure in the same communities I think is going to exacerbate the strains on these communities.
So far, the U.S. government has invested $3.3 trillion in fighting the epidemic. While some economists believe the crisis will be short-lived and could lead to a quick recovery, the congressional budget office says it could take a decade for the U.S. economy to fully recover from the outbreak.
The agency expects the covid-19 outbreak to reduce U.S. economic output between 2020 and 2030 by a total of $7.9 trillion, or about 3% of gross domestic product, from its original estimate in January.
By the fourth quarter of 2029, the U.S. economy won't be able to grow as much as it expected before the outbreak.
The forecast does not fully cover the impact of the recent protests. Without a quick and proper solution, the United States may have to pay more in the fight against the epidemic. Beyond the outbreak, a new social crisis has emerged in the United States, some pointed out that historically, multiple crises have had a longer-term impact on the American economy. Now it's a turning point like 1968.
The recent mass protests could be a catalyst for social reform in the United States. More than 1,000 people were killed by Police in the US last year, according to tracking data from Mapping Police Violence, a research group. Of those, 24 percent are African Americans, far outstripping their 13 percent share of the population. The statistics include fatal shootings and beatings by police on and off duty.
We have to take another harder look to ourselves, and to see what we can be doing, is it more implicit bias training of you know incoming officers of already existing officers are doing a good enough job of reading officers that have negative complains against them those are the questions that i think we have to ask ourselves and we have to actually listen to ideas from others across the country
While the protests are on the rise, the American business community was speaking out for the elimination of racial discrimination and corporate reform, and there is growing talk of reforming America's police system. We will keep an eye on this issue.