Business
US COVID-19 surge could trigger a double-dip recession – The Australian Financial Review
A double dip may not be the most likely outcome right now. But it is a highly plausible worst-case scenario if the national spread of the virus is not brought under control soon.
It suggests that the viruss effective reproduction number, known as R, is now above the critical level of 1 in all but five of America’s 50 states. Weighted by GDP, this means that 95 per cent of the US economy is affected by a viral reproduction rate high enough to cause an exponential rise in the number of cases unless something intervenes to prevent this.
Other researchers have found similar results.
This spread of R levels above 1 is the broadest it has been since the epidemic started. In …
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