Delta variant poses major risk to Biden’s promises of swift economic comeback

The Biden administration is closely monitoring the economic risks associated with the delta variant, and senior U.S. officials have in recent days suggested local restrictions may have to be reimposed in response to the pandemic.But the delta variant may challenge those heady expectations, threatening the recovery along several dimensions.Fears are in particular intensifying over whether the delta variant will hurt the global economy, which could in turn complicate the U.S. recovery.“I haven’t marked down my forecast yet, but I’m on the cusp of doing so.”Economists diverge on the extent to which the delta variant poses a danger to the U.S. economy.That will probably limit the amount of damage the delta variant can inflict on the economy.