Economists warn the situation will not get better until Covid-19 is stopped. FMTNews
A woman looks at signs at a store in Illinois in May. Covid-19 has led to closure of businesses across America.
The data will underscore how the US failure to contain the virus has wrecked the world’s largest economy. Another concern weighing on the outlook is the lack of agreement in Congress on another relief measure to follow-up on the US$2.2 trillion CARES Act passed in March. And it would be far worse than the 8.4% contraction in the fourth quarter of 2008, the worst point of the global financial crisis.
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