Paraphrase of Article The world could not avoid the spread of the coronavirus disease in 2020, accompanied by the global economic recession. The analytical institutions expected the worst scenario; however, experts agree that financial recovery will largely depend on vaccines’ effectiveness and easing the lockdown measures. It is predicted that 2022 will be characterized by the growth of countries’ gross domestic output (GDO), exceeding the figures before 2020. However, some forecasts claim that the GDO increase will be about 7% in 2021. Society will face the long-term consequence of the COVID-19 pandemic. These include shuttered businesses, high rates of unemployment and inflation. The United States government provides stimulus checks of $600 to citizens, extending unemployment benefits for well above ten million people. Consumers start visiting restaurants and stores due to the decrease in the number of infected active cases and the decline in hospitalization. The relief payments are rising; therefore, people are not afraid of spending money on cars, clothing, appliances and furniture. Cities and states ease restrictions; consequently, the revenue in the service industry is rising. 2021 is better than the previous year because of consumer spending and vaccine rollout, contributing to collective immunity. There is also a positive trend in unemployment rates as most jobs are expected to claw back 2021. Still, about four million people stay without work while their professional skills erode. The pandemic has primarily affected the service sector; for instance, approximately 100 thousand restaurants are closed forever, making unemployed restaurant workers train for a new occupation, namely technology or e-commerce. Moreover, federal assistance in job creation can benefit the situation in general. There is also the inflation risk due to rising wages to hire employees. The Federal Reserve Board (FED) promised to maintain its rate near zero. Forecasts claim that inflation will grow to 2% and reduce after most people come back to work. FED relies on discounts in online shopping and optimistic consumers’ expectations. Impacts of Article Introduction The COVID-19 pandemic outbreak has multiple consequences; for instance, the global economy has faced considerable recession over the last few decades. The coronavirus has had a remarkable effect on the US economy. As the virus quickly crossed borders, this factor has revealed a weak side of globalization. Since the US did not take adequate steps to suppress the disease promptly, the nation experienced a high death rate and a severe recession. The measures taken to control the coronavirus transmission were considered useless in some regions, namely metropolitan areas such as New York. The virus outbreak has claimed the lives of more than two million people. It also plunged vast numbers of families into poverty, exacerbated income inequality, disrupted international trade and paralyzed the global economy. At present, after a spike in coronavirus cases was addressed by urgent emergency action, the economy and social life demand carefully calibrated efforts to deal with long-term outcomes. The unemployment rate is marked by a record high level, primarily due to lockdown and restrictive measures present in some states. Restaurants and retail outlets are closed, along with other businesses that rely on the active