COVID-19 Rebound Hindering Economic Recovery

Many economists have viewed the economic effect of the COVID-19 pandemic as a V shaped model, describing a drastic economic downfall followed by a swift recovery. Based on job reports from May and June, posting 2.5 and 3 million citizens employed respectively, it would appear our economy is in recovery. However, a rebound or 2nd wave of the coronavirus threatens our economy’s ability to quickly recover and even highlights the possibility for further economic downfall. The United States is currently recording 40,000 new infections daily, double previous records set in May. Although it is heavily concentrated in a few Western/Southern Central states, such as California, Arizona, and Texas, the

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