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California's new lockdown dims outlook for U.S. growth in pandemic


California Governor Gavin Newsom’s decision Monday to reimpose restrictions on bars, restaurants, gyms and even ordinary office work to tamp down a surge of coronavirus infections is dimming economic growth prospects for the nation as a whole. Darkening the outlook further was the decision by California’s two largest school districts - Los Angeles and San Diego - to conduct only online instruction when classes resume next month, a move that will make it challenging for parents of more than 825,000 students to return to work. The Golden State, with 40 million people, employs more workers than any other state in the nation, and its production of goods and services is about equal to the combined output of Florida and Texas, two others states that have also seen resurgences of the virus.

Reuters - July 14, 2020

View the full story here: https://www.reuters.com/article/us-health-coronavirus-california-economy/californias-new-lockdown-dims-outlook-for-u-s-growth-in-pandemic-idUSKCN24E31R