The United States will achieve a full economic recovery in early spring, White House chief economic adviser Larry Kudlow said, highlighting GDP growth data and low unemployment claims despite soaring infections. coronavirus and hospitalizations. Kudlow dismissed the stops as unnecessary.
As Wisconsin grapples with a surge in coronavirus cases and hospitalizations, with intensive care units nearing capacity, efforts to control the spread have been hampered by politics, the mayor of Milwaukee said.
Chancellor Angela Merkel warned Germans of a long and difficult winter ahead after the country announced further lockdown restrictions on Wednesday. Merkel also condemned the spread of disinformation, which she said is hurting the battle against the virus.
U.S. markets fell on Thursday as investors assess promising economic data amid mounting pandemic fears brought on by the resurgence of the virus.
With five days before election day on November 3, President Trump and his Democratic challenger Joe Biden crystallized conflicting messages about a pandemic that has affected most aspects of American life, including voting.
The United States has seen a steady rise in coronavirus infections and hospitalizations throughout most of October, with a record number of cases reported last week, according to data tracked by the Washington Post. More than 80,000 new cases were recorded on Wednesday, pushing the total number of infections to more than 8.8 million. At least 227,000 deaths have been linked to the virus since February.
The US economy grew to a record 7.4% in the third quarter, a sharp reversal from its historic plunge in the second quarter.