• Upload Music
  • Jobs Finder
AsomLive
  • Home
  • Blog
  • Health
  • International
  • Jobs
    • Assam Jobs
    • Government Jobs
    • Jobs in Guwahati
    • Private Jobs
  • Life Tricks
  • Lyrics
    • Assamese Lyrics
    • Hindi Lyrics
  • News
    • Business
    • Entertainment
    • International
    • National
  • Places
No Result
View All Result
  • Home
  • Blog
  • Health
  • International
  • Jobs
    • Assam Jobs
    • Government Jobs
    • Jobs in Guwahati
    • Private Jobs
  • Life Tricks
  • Lyrics
    • Assamese Lyrics
    • Hindi Lyrics
  • News
    • Business
    • Entertainment
    • International
    • National
  • Places
No Result
View All Result
AsomLive
No Result
View All Result
Economists warn of 2nd COVID-19 wave risk in US

Economists warn of 2nd COVID-19 wave risk in US

AsomLive Staff by AsomLive Staff
8 months ago
in International, News
0
0
VIEWS
Share on TwitterShare on WhatsApp

Washington, June 13  Economists are warning of the growing risk of a second COVID-19 wave in the US as reopening efforts continue across the nation which currently accounts for the highest number of both coronavirus cases and deaths in the world.

“The re-opening of the economy without a vaccine always presented the obvious risk of a second wave, which is by far the largest risk to a steady economic recovery,” economists at Wells Fargo Securities Economics Group wrote in a report on Friday.

“While the US as a whole saw the slowest pace of new case growth since March on Tuesday, it was the very next day that Texas reported its highest one-day total of new cases since the pandemic began. This uptick in case growth has raised the concern of a new wave of lockdowns,” the report said.

Joseph Brusuelas, the chief economist at accounting and consulting firm RSM US LLP, noted that COVID-19 cases per capita “are exploding across the South and Southwest”, with Texas now at major risk of a significant wave of infections and Arizona’s medical system at risk of being overwhelmed.

RelatedPosts

Aatmanirbhar Assam: Govt to provide free khadi clothes to its staff

HC notice to Punjab, Centre on Reliance Jio plea against vandalism

Govt to kick off Sagarmala Seaplane Services project

“Based on extrapolation of the current rate of infection, the number of cases is likely to approach 2.2 million in the third week of June,” Brusuelas wrote Friday in an analysis.

“We are now concerned that a wave of infections will carry a second round of economic implications.”

Maria Cosma, an associate economist at Moody’s Analytics, warned that cases in the US could rise to such a degree that national and local governments would re-institute lockdowns.

Federal Reserve Chairman Jerome Powell also warned that a second wave of COVID-19 infections could hurt public confidence and economic recovery.

But Treasury Secretary Steven Mnuchin said on Thursday that the country cannot shut down the economy again even if there was another surge in COVID-19 cases.

Mnuchin also said he was prepared to return to Congress to request additional fiscal aid to help the economy and workers weather the pandemic’s impact.

Over 44 million initial jobless claims have been filed over the past 12 weeks as COVID-19-induced recession sent ripples through the US labor market, according to the Labor Department.

A survey released by the National Association for Business Economics (NABE) on Monday also showed that over 80 percent of panelists viewed the second wave of COVID-19 as the greatest downside risk for the US economy through 2020.

The Wells Fargo Securities Economics Group believed that the road to US economic recovery will be long, and a second wave of the virus will only make it longer.

The US continues with the world’s highest number of confirmed cases and deaths at 2,046,643 and 114,672, respectively, according to the Johns Hopkins University.

Govt ‘incompetent’ in handling corona crisis: Rahul

Previous Post

WHO concerned over COVID-19 upswing in many countries

Next Post

What’s the logic for not sharing Covid report with patients, SC asks Maha govt

Next Post
What’s the logic for not sharing Covid report with patients, SC asks Maha govt

What's the logic for not sharing Covid report with patients, SC asks Maha govt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

5 × two =

Aatmanirbhar Assam: Govt to provide free khadi clothes to its staff

Aatmanirbhar Assam: Govt to provide free khadi clothes to its staff

January 9, 2021
HC notice to Punjab, Centre on Reliance Jio plea against vandalism

HC notice to Punjab, Centre on Reliance Jio plea against vandalism

January 5, 2021
Govt to kick off Sagarmala Seaplane Services project

Govt to kick off Sagarmala Seaplane Services project

January 5, 2021

Recent Updates

Gauhati University SOP 2020 6th Semester Exams Online

Gauhati University SOP 2020 6th Semester Exams Online

September 23, 2020
Regional Languages To Exchange Alt English In Assam HS Course

Regional Languages To Exchange Alt English In Assam HS Course

February 10, 2020
SEBA Matric Examination Routine 2020 Released, Assam HSLC Examination Routine 2020, Assam 10th Class Examination Routine 2020

SEBA Matric Examination Routine 2020 Released, Assam HSLC Examination Routine 2020, Assam 10th Class Examination Routine 2020

February 10, 2020
Assam TET Certificates 2020: Download TET Marksheet From 10th February

Assam TET Certificates 2020: Download TET Marksheet From 10th February

February 9, 2020
Assam HSLC Results 2019 to Be Announced on May 15

Assam HSLC Results 2019 to Be Announced on May 15

May 5, 2019

Assamese Lyrics

Dikhou noi Lyrics Simanta Sekhar, Assamese Bihu Song
Assamese Lyrics

Dikhou noi Lyrics Simanta Sekhar, Assamese Bihu Song

by Papiya Bora
September 14, 2020
0

Dikhou noi Lyrics SINGER: Simanta Sekhar ALBUM: Junbai Dikhou Noi Assamese Bihu song is sung by Simanta Sekhar and composed...

Read more

Din Jwole Raati Jwole Lyrics | Zubeen Garg, Zublee Baruah | Mission China

Hunor Kharu Nelage Muk Lyrics

Mor Minoti – Lyrics in Assamese

Dhou Tuli Nasile Buku – Lyrics

General Knowledge

RETAIL MARKETING

ONLINE RETAIL MARKETING TRICKS YOU SHOULD LOOK INTO

June 27, 2018
Use SEMrush and Get top 10 ranking in google

Use SEMrush and Get top 10 ranking in google

March 31, 2018
Best Ad Networks for your blog with more Asian traffic

Best Ad Networks for your blog with more Asian traffic

March 16, 2018
Google Index / Deindexed Your Website How and Why?

Google Index / Deindexed Your Website How and Why?

February 10, 2018
Tips on how to get started with good quality articles for your blog.

Tips on how to get started with good quality articles for your blog.

January 4, 2018
tips on how to do the seo upto the mark

Tips on how to do the SEOs upto the mark

January 4, 2018
  • Upload CV
  • Contact Us
  • Submit Post
  • About Us
  • Privacy Policy
  • Disclaimer

Copyright 2019. All Rights Reserved.

No Result
View All Result
  • Home
  • Blog
  • Health
  • International
  • Jobs
    • Assam Jobs
    • Government Jobs
    • Jobs in Guwahati
    • Private Jobs
  • Life Tricks
  • Lyrics
    • Assamese Lyrics
    • Hindi Lyrics
  • News
    • Business
    • Entertainment
    • International
    • National
  • Places

Copyright 2019. All Rights Reserved.