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Alternative Market Briefing

Other Voices: The offer of certainty is resonating clearly in US

Wednesday, September 16, 2020

By: Philip Pirecki, Jersey Finance

The first half of 2020 for the US was a fragmented, disrupted and at times tumultuous period.

From an economic perspective, after a period of a few years of achieving annual growth above 2%, figures just released for the second quarter of this year show that, driven by widespread pandemic-induced disruption, the US economy shrank by 32.9% year-on-year - the biggest contraction ever despite the massive economic support provided by the US government over the past few months.

The fact that the US has recorded the highest number of confirmed cases of Covid-19 globally (approaching 6m, almost twice as many as nearest country Brazil) only tells part of the story of a country that has grappled politically, socially and culturally with what lockdown has meant.

The response across the nation in terms of travel restrictions and social distancing measures could largely be described as patchwork. Whilst the infection curve has overall been flattened, even months after a national emergency was declared, certain states are still ......................

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