WORLD COVID-19 variants pose biggest threat to US economic recovery: bank president

WORLD

COVID-19 variants pose biggest threat to US economic recovery: bank president

Xinhua

19:39, April 13, 2021

A child enjoys a ride after the seasonal opening of the Coney Island amusement park area, Friday, April 9, 2021, in the Brooklyn borough of New York. Coney Island's illustrious amusement parks are reopening Friday after the coronavirus pandemic shuttered them all last year. (Photo: AP)

NEW YORK, April 13 (Xinhua) -- Variants of the novel coronavirus are the biggest risk for the U.S. economic recovery, Minneapolis Federal Reserve Bank President Neel Kashkari has said.

"The biggest risks that I see to the recovery are these variants," Kashkari told the Economic Club of New York on Thursday, mentioning one variant of the virus which is dominant in parts of the United States and easily infects younger people.

If organizations including daycare centers and schools need to be closed in response to the spread, that could "set us back," he said.

"That's not my basecase scenario but that's what the healthcare experts that I consult with are warning me about," he added.

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