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US economic reopening reaches halfway point on improved retail and hotel spending, Goldman Sachs says - Building Online Business
A man decorates a bistro table outside his restaurant amid the novel coronavirus pandemic in Atlanta, Georgia on April 27, 2020. CHANDAN KHANNA/AFP via Getty Images Goldman Sachs’ US reopening scale improved to five out of 10 last week, marking a halfway point in the nation’s economic recovery. The jump followed progress made in the hotel, movie theater, and retail industries over Labor Day weekend, Goldman economists said. The bank’s reopening index gained to 72 from 65 last week, reaching its highest level since mid-March. Some stay-at-home trends maintained their strength, including e-commerce spending and streaming popularity. Visit Business Insider’s homepage for
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