In the more recent turn of events, The Trump administration has just gone on to announce a new initiative which is being termed as the Great American Economic Revival Groups. These groups consist of 200 experts from various different industries who will help “produce a more independent, self-sufficient, and resilient Nation” going forward.
Amongst others who have been chosen or elected, the elected experts range from the likes of executives, to the likes of economists, as well as scholars that come from American banking, energy, financial service, healthcare, technology, telecommunications and transportation industries.
The decision from Trump calling upon tech CEOs from AMD, Apple, Facebook, Google, Intel, Microsoft, Qualcomm, and more to join the particular groups has also been notable and has made news. As far as experts from the telecommunications industry go – these range from execs from Verizon, to execs from T-mobile and Comcast.
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The announcement for the introduction of The Great American Economic Revival Groups comes as we become more and more aware of the daunting affects that coronavirus is having on the world economy. While this particular group is now formed in times of great desperation, there is absolutely no indication that the initiative is actually a response to the outbreak.
In any case though, whatever the socioeconomic situation exists within any country, one would imagine that the collaboration that would now exist between some of the country’s brightest minds would lead to further success for companies in the future as well as further economic growth. Of course it goes without saying that the thought of getting out of such economic crisis must have gone through the mind of the administration when considering forming such a group.
For now though, we can only hope that the whole world does not remain in recession for any longer than the absolute need and that world economy once again booms!
