Double dip is now the base case for the US as well as the global economy
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Double dip is now the base case for the US as well as the global economy
The incoming data in the US make clear that the US is now also in jeopardy of recording a double dip recession because of the latest Covid-19 wave, just as Europe before it. Moreover, the data also make clear that there is no healthcare - economy trade-off. During this pandemic, the two are inextricably linked. Comments follow below