U.S. failure to renew COVID-19 stimulus threatens further economic decline: study


  • World
  • Friday, 14 Aug 2020

WASHINGTON, Aug. 13 (Xinhua) -- The impasse in U.S. Congress over renewal of the expiring programs that mitigated the economic impact of the COVID-19 pandemic threatens to undo the stimulus effect of the programs and exacerbate the economic damage from the lockdown, according to a newly released study.

The article, published Wednesday, was co-authored by Sherman Robinson, nonresident senior fellow at the Peterson Institute for International Economics (PIIE) and Raul Hinojosa-Ojeda, executive director of UCLA's North American Integration and Development Center.

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