"I don't think this is a second surge. We're worried about a second wave. I think we're still in the first wave, and this is a continuation of the first wave, and it was a failed effort to stop the first wave in the country," Cuomo told NBC's Meet the Press on Sunday.
Even in the absence of new containment measures, the renewed threat of the coronavirus will likely lead to more cautious consumer and business behavior and weigh on the recovery nationwide, according to economists.
"The third-quarter bounce in real GDP (gross domestic product) growth, which we have been expecting to be almost 20% annualized (after an over 30% annualized decline in the second quarter), is in jeopardy," Zandi said, urging Congress to pass another coronavirus relief bill to help support the economy.
"Lawmakers are expected to settle on another fiscal rescue package in the next few weeks, and the price tag should be getting bigger with the new infections. If they fail, the economy will almost surely contract again this fall," he said.
The U.S. economy contracted at an annual rate of 5 percent in the first quarter this year, according to the Commerce Department. That figure, however, still does not fully capture COVID-19's economic damage, and many analysts believe that the decline in the second quarter is expected to be much deeper.
A number of Federal Reserve officials have also warned that the U.S. economy is expected to grow more slowly than people had hoped months ago as the country cannot stop the community spread of COVID-19.
【国际英语资讯:Spotlight: Resurgence in COVID-19 threatens to derail U.S. economic recovery】相关文章:
★ 救欧元就是救德国
★ 谷歌无垄断
最新
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15
2020-09-15