While the fatality figures remain fairly low and the economy is continuing to advance, the raw virus numbers are again deteriorating. The U.S. may now be deteriorating. The rate of economic growth could be about to wobble as efforts to combat the virus intensify. Vaccine prospects have slipped slightly (though still remain fairly good). And the world’s poorest people have been disproportionately hurt by the pandemic.
Click here for the full report; RBC GAM MacroMemo.