August 14, 2020

US retail sales, industrial output post modest gains

Washington (AFP) – The US economy continues to regain ground as the coronavirus crisis drags on, with retailers and manufacturing posting gains, but new data Friday show progress is slowing and continued recovery is in doubt amid a political stalemate over a new aid package.Economists warn that the massive aid deal approved by Congress in late March, including expanded federal unemployment benefits, has supported the economy in recent weeks but that could change if the expiring programs are not replaced.The White House has rejected a plan proposed by Democrats in Congress to provide fresh stim…


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