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July 10, 2020

US economy may be stalling out as viral outbreak worsens

  • Governors are reversing their reopening plans in six states representing one-third of the economy.
  • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — The U.S. economy is stumbling as the viral outbreak intensifies, threatening to slow hiring and deepening the uncertainty for employees, consumers and companies across the country.

    Coronavirus case counts are rising in 38 states, and the nation as a whole has been shattering single-day records for new confirmed cases. In six states representing one-third of the economy — Arizona, California, Colorado, Florida, Michigan, and Texas — governors are reversing their reopening plans. Reopening efforts are on pause in 15 other states.


     
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