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Mutations of the coronavirus have sparked mutations in economic life.

The economy is so adaptable that experts widely expect the economic fallout from the Delta variant to be a fraction of the historic recession in early 2020.

The new strain of COVID-19 is powering a fourth wave of cases across the US, but in terms of economic impact, there’s only been “one economic wave,” David Kelly, JPMorgan Funds’ chief global strategist said in a Monday note. That is when the country plunged into lockdown in spring 2020, but the adaptations in the economy since then have been details ⇒

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