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July 28, 2020

Analysts warn U.S. economy needs help now

  • Economists urge continued extra aid for unemployed Americans, more funding for state and local governments, and more grants for struggling small companies.
    • By CHRISTOPHER RUGABER
    AP Economics Writer

    WASHINGTON — As Congress and the White House resume their efforts to agree on a new economic aid package, evidence is growing that the U.S. economy is faltering. And so is concern that the government may not take the steps needed to support hiring and growth.

    “We're in a pretty fragile state again,” warned Nancy Vanden Houten, lead economist at Oxford Economics, a consulting firm. “The economy needs another shot in the arm.”


     
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