US economy at risk



The resurgence of COVID-19 cases across the United States is raising the risk of a double-dip recession if the country is unable to reign in the pandemic, economists have warned. A total of 34 U.S. states have seen increasing rates of COVID-19 infection since the Memorial Day weekend in late May, with the majority of new infections occurring in the south and southwest, said Joseph Brusuelas, chief economist at accounting and consulting firm RSM US LLP. “Nationally, we registered more than 68,000 reported cases per day in the second week of July. That is twice the April peak of 32,000 cases per day recorded in the first wave of infections centered along major population centers in the Northeast, Chicago and the West Coast,” Brusuelas wrote Monday in a blog post. “Given the current rate of infection, and unless states quickly respond to that spread by reinstating restrictions on social interaction, we expect the number of infections to approach and surpass 4 million cases in late July,” Brusuelas said.
As of Monday night, the number of confirmed COVID-19 cases–Xinhua

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