THE RESIDENTS OF NEW YORK DON'T BELIEVE IN A POSSIBILITY TO WITHSTAND THE CRISIS

A report made by the American media CGTN on New York, which until recently remained the global capital of finance, drops a hint of doubt that the city will be able to withstand another blow from COVID-19. The expected surge in infectious contamination is forcing local residents to leave the city.

The reason for such a behavior is not only the threat of infection, but also the growth of crime. And as the businesses in the city continue to be closed down or go bankrupt, the streets are emptying, and New York is increasingly beginning to resemble the ghost of its former greatness.

Experts note that during periods of difficult trials that had been falling on the city's residents earlier, the city managed to recover and become even more successful, for example, after the accident with the Twin Towers on September 11, 2001. New Yorkers withstood the 2008 crisis.

However, recent polls suggest otherwise. Many residents of the metropolis doubt that the city will return to its former life. The idea that the city is dead and this is already forever was even sounded in a published article by one of the residents of the metropolis, James Altusher.

According to the writer, remote work will become a popular format for many citizens for a long time. This raises the question of the advisability of living in cities like New York, with its overcrowding and high cost of living.

Experts note that hundreds of thousands of residents were forced to leave the city. Realtors working in Manhattan, the business artery of the city, are counting losses. The volume of unfinished housing is huge as never before. Many move out, unable to pay rent. The city's restaurants, through which the main traffic once passed, are planning to start bankruptcy proceedings by the New Year.

The city authorities felt the decrease in profitability as well. The level of tax collection has dropped several times.

The budget deficit of $ 9 billion, which the city will have to cope with in the coming years, does not contribute to an increase in the quality of life.

The number of homeless people in the city is growing, as well as the number of crimes. The similar situation in the city had already been observed in the 1970s, when the possible bankruptcy of the city was also discussed.

Will the city that “never sleeps” really look like a “ghost town”? The CGTN representatives note in their report that this is still a long way off. However, almost no one can say for sure, when the city will be able to return to its former financial splendor.