Economic Take

We’re Not Out of the Woods Yet

June 30, 2020

The government’s $4 trillion relief measures for COVID-19 won’t have much of an effect on GDP until consumers are able to travel and spend freely again. While there has been some encouraging economic news over the past couple of weeks, the additional $600 in weekly jobless benefits is set to expires on July 31. Since income is the key to the economy’s recovery, Washington may need to provide a few more lifelines before a vaccine arrives.