Economics
U.S. Economy Is Still Far From Smooth Sailing, Port Chief Says
- Cancelled ships through L.A. continue in 2Q though moderating
- A return to normal may take a year, Long Beach’s Cordero Says
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The U.S. economy is unlikely to snap back quickly and may not return to normal until 2021, according to the chief of one of the nation’s biggest ports, after a government report raised hopes for a faster-than-expected rebound from a pandemic-induced recession.