While the U.S. economy is in recovery mode, it remains under stress in a fashion not seen in more than a century. The onset of the coronavirus health crisis in the Spring caused an unprecedented collapse in economic activity that is being reversed, but more gradually than was initially expected. Hopes for a smooth progression of upwards growth to flow from store and restaurant reopenings have been waylaid by a winter upsurge in COVID-19 infections, with the prospect that demands on the health care system will worsen before beginning to ease once again.

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