This weeks sustained rise in initial jobless claims will be concerning news for investors. <\/p>\n
Despite brighter days on the horizon, the economic recovery has narrowed and economic growth in the near term is likely to struggle. While the terms of a potential fiscal relief package are still very much up in the air, it may not be enough to help some industries and companies survive through the winter.<\/p>\n
Overall, there is optimism about the long-term outlook for the economy but caution still remains in the near term. The coronavirus continues to spread at a rapid pace, with an increase in hospitalizations and deaths unfortunately following close behind.<\/p>\n
The success of vaccine trials has boosted enthusiasm about a sooner-than-expected rebound in economic growth. However, any rebound will likely not be allocated equally among all sectors of the economy, and many things need to go right, including a smooth distribution process, no manufacturing or supply chain hiccups and widespread adoption of the vaccine.<\/p>\n
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