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Can team Biden prevent a recession?

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Also Read | How hunger came back to haunt IndiaMeanwhile, states and localities are coping with record levels of infections and hospitalizations.

Many are reimposing the restrictions they relaxed during the summer, dealing a new blow to entire industries. Restaurants are closing, travel is declining, and applications for unemployment insurance are on the rise again.

After flattening in October, retail sales fell by 1.1% last month. The pace of job growth has declined for five straight months and may have ceased in December.

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