US | Industry and Regional Executive Briefing – November 2020

Businesses are treading cautiously as the unchecked health crisis threatens to send the recovery into reverse in the absence of further fiscal aid. Underneath the surface there's evidence of a K-shaped business sector recovery with high-skill, high value-added industries recouping more of their output and employment losses than low-skill, low value-added industries. Looking ahead, we expect business activity to strengthen gradually, but a continuing recovery is contingent on the health situation staying manageable and lawmakers delivering more fiscal relief.

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