Economy Week Ahead: Factories, Trade and Jobs (August 3 – 7, 2020)
The U.S. jobs report for July caps a full week of data that should shed light on the global pace of recovery from a sharp, severe recession caused by responses to the new coronavirus. US COVID-19 cases have topped 4.6 million yet the infections curve is showing signs of declining. On the other hand, mortalities have surpassed 155,000 and are on the rise. The increase since mid-June has already caused economic damage that the Federal Reserve acknowledged.