New US COVID-19 Cases Are Rising, But New Lockdowns Remain Unlikely
(3 min read)
The growth in COVID-19 cases in the US is likely to accelerate further, but new blanket lockdowns from states appear unlikely: the virus has become less lethal, there is ample healthcare spare capacity, and the long-term epidemiological benefits of lockdowns are unclear while their economic costs are prohibitive. New COVID-19 cases in the US have been rising since about mid-June (Chart 1). And, while America is continuing to ramp up its testing, this is not the sole reason for the growth in case numbers. Since mid-June, the share of positive tests has been increasing...
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