Economics
Biden’s Economic Challenge Rests on Sustaining Pace of Recovery
- Stricter health policy could place fragile recovery at risk
- Latest jobs report shows economy continues to improve
Permanently closed stores in the Brooklyn borough of New York.
Photographer: Nina Westervelt/BloombergThis article is for subscribers only.
U.S. President-elect Joe Biden inherits one of the most fraught economies in generations, requiring his administration to sustain its fragile momentum and help millions of Americans get back to work.
As Covid-19 cases begin to spike again, stricter health policies to contain the virus’s spread would risk stifling the recovery and make it even more difficult for companies to boost hiring. At the same time, the pandemic has introduced its own economic hurdles that could become systemic if left unaddressed.