December 2, 2020

Fed sees more signs activity slowing as optimism wanes

Washington (AFP) – More US regions saw economic activity stall or slow in November as Covid-19 cases surged, and businesses were less upbeat about their prospects, the Federal Reserve said Wednesday.The US is enduring the world’s largest coronavirus outbreak, and cases have spiked above the worst days of the spring, forcing authorities in many regions to reimpose restrictions on businesses.The Fed’s “beige book” survey of economic conditions said four of 12 regions saw little or no growth, while four others saw activity begin to dip last month.Even in some of the regions reporting growth, acti…

source https://this.kiji.is/en/706969013311472737?c=648607265489716321

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