HotAir hotair.com 20 Jul, 2021 14:15 am

Delta variant poses major risk to Biden’s promises of swift economic comeback – HotAir

Delta variant poses major risk to Biden’s promises of swift economic comeback – HotAir

But the delta variant may challenge those heady expectations, threatening the recovery along several dimensions.Fears are in particular intensifying over whether the delta variant will hurt the global economy, which could in turn complicate the U.Among the hardest hit were sectors of the economy sensitive to virus-related concerns, such as hospitality, leisure and travel.Indonesia faces a “catastrophic” surge in the virus threatening to overwhelm its medical system.

The ongoing pandemic could dampen consumer spending if fears reemerge about the safety of returning to some activities.And a jump in hospitalizations and deaths among the unvaccinated poses a particular challenge for the Biden administration in more conservative parts of the country, where resistance to new restrictions is strong and federal relief aid is starting to expire… Monday’s 726-point decline in the Dow Jones industrial average was the worst one-day retreat in 2021.

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