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Summertime sadness: Resurgent coronavirus dims crisis recovery hopes


  • High-frequency data that track indicators such as restaurant bookings and job postings have been flat or trended downward in some economies
  • At its current pace of about 250,000 or so new cases a day, there could be well more than 50 million infections worldwide by the end of 2020

Any remaining hope that the coronavirus that’s pushed the U.S., Europe and much of Asia into historic economic downturns would take a holiday was all but crushed this week. The virus continues to rampage through parts of the U.S. and engulf nations across the developing world, particularly ...


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