Economics
U.S. Recovery Looks to Be Ebbing in States With Virus Outbreaks
- Restaurant bookings declining more as diners turn cautious
- U.S. playing ‘mediocre Whac-A-Mole’ with virus, Summers says
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The U.S. economic recovery is showing incipient signs of weakening in some states where coronavirus cases are mounting.
The ebbing is evident in such high-frequency data as OpenTable restaurant reservations and follows a big bounce in activity as businesses reopened from lockdowns meant to check the spread of Covid-19.