Fall

The economy was supposed to drop off a cliff when the coronavirus aid dried up. It didn't. Here's why

5 days ago   |   By

Chandan Khanna/AFP via Getty
Economists predicted that Americans' consumption - and in turn the US economy - would fall off a cliff when Congress' coronavirus relief funds dried up at the end of July.
But instead indicators of household consumption have generally improved, as has the news about the spread of the virus itself.
While some people are no doubt struggling, the US economy appears to be slowly improving.
There are still risks ahead, but this is good news.
This is an opinion column. The thoughts expressed are those of the author.
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