FX.co ★ Virus-hit US economy to affect Trump's reelection

All major global events have already been affected by coronavirus. Slowly but surely, the virus is starting to have an impact on the biggest political event of this year, the US presidential election. This issue is raising concerns among candidates, including Republican officials. The epidemic could become a serious obstacle to Donald Trump's election campaign. Coronavirus is threatening to tank the American economy, the current US president’s strongest case for reelection. Voters will not see into the reasons for the US economic slowdown. Therefore, authorities will not be able to lay the blame for all the problems on the epidemic. Trump used to trigger huge stock market rallies through a single tweet or press statement. However, this time, the American stock market failed to counter an onslaught of negative news and extended its losses. “It is obvious that a stock market crash ... might affect the election,” a senior administration official said. Experts from the National Centers for Disease Control and Prevention (CDC) warn that the virus will spread further, but they cannot yet predict how great its impact might be, including that on the economy. “It is a concern,” a Senate Republican aide who requested anonymity noted. “But how many voters would actually hold a president accountable for a faltering economy due to a pandemic originating in China?”.