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Is US Barreling Toward a W-Shaped Recession?

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The sharp upswing in cases and COVID-19-related deaths seen particularly in the South and Southwest states raises the odds that a subsequent pullback in consumer spending and re-imposition of mandatory shutdowns could lead to another contraction in the U.S. economy this fall, Chris Varvares, co-head of U.S. Economics at IHS Markit, said Monday in a…

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