The US economy will have a slower-than-expected recovery amid a surge in novel coronavirus cases across the country and a broad second wave of the ...
WASHINGTON: The US economy will have a slower-than-expected recovery amid a surge in novel coronavirus cases across the country and a broad second wave of the disease could cause economic pain to deepen again, Federal Reserve officials warned on Tuesday .
Federal Reserve Board Governor Lael Brainard speaks at the John F Kennedy School of Government at Harvard University in Cambridge, Massachusetts, on Mar 1, 2017. "A bunch of companies large and small are realising this is not a two-month issue and recasting their business," possibly jeopardising two strong months of job growth, Barkin said in webcast remarks to the Charlotte Rotary Club.
The renewed surge in cases has prompted some states to dial back or pause reopenings at a time when other advanced nations around the world have been able to reopen their economies more sustainably due to successful mitigation strategies.
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