NEWS on Payments

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Visa U.S. Economic Outlook (August 2020)

Aug 17, 2020

After solid job growth and robust consumer spending readings in May and June, the U.S. economy was cruising along at a decent speed of recovery.

Incoming economic data for the month of July, however, showed that the economy decelerated with the speed bump of a surge in COVID-19 cases across wide swaths of the country.