U.S. Risks Repeating 2009 Mistakes as Economic Recovery Slows

  • Date: 24-Sep-2020
  • Source: The New York Times
  • Sector:Economy
  • Country:Middle East
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U.S. Risks Repeating 2009 Mistakes as Economic Recovery Slows

The Coronavirus OutbreakliveLatest UpdatesMaps and CasesVaccine TrackerAnother Vaccine AdvancesFlu Shots and CovidIn the wake of the last recession, government spending dried up, leading to a slow and stilted recovery. Policymakers warn against letting it happen again.The Federal Reserve in Washington. Prominent economists in the United States and Europe have warned recently that cutting off pandemic relief too soon would be hazardous. Credit...Ting Shen for The New York TimesBy Ben Casselman and Jeanna SmialekTrillions of dollars in federal aid to households and businesses has allowed the U.S. economy to emerge from the first six months of the coronavirus pandemic in far better shape than many observers feared last spring.But that spending has now largely dried up and hopes for a major new aid package ahead of the Nov. 3 election are all