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U.S. relief checks begin arriving as economic damage piles up

April 15th, 2020 by WCBC Radio

Government relief checks began arriving in Americans’ bank accounts as the economic damage to the U.S. from the coronavirus piled up Wednesday and the reopening of businesses in Europe and China made it clear that things won’t necessarily bounce right back when the crisis eases.

With lockdowns and closings bringing factories and other businesses to a shuddering halt, American industrial output shriveled in March, registering its biggest decline since the U.S. demobilized in 1946 at the end of World War II. And retail sales fell by an unprecedented 8.7%, with April expected to be far worse.

The government this week began issuing one-time payments as part of its $2.2 trillion coronavirus relief package, with adults receiving checks of up to $1,200 each and $500 per child to help households make the rent or cover other bills. The checks will be directly deposited into bank accounts or mailed to households, depending on how they filed their tax returns in the past.

Meanwhile, the first steps in lifting the economically crippling restrictions in other parts of the world are running into resistance, with shoppers and other customers staying away from the reopened businesses and workers afraid the newly restored freedoms could put their health at risk.

 

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