The Delta variant is already cramping American spending ...Middle East

Quartz - Economy
The Delta variant is already cramping American spending
source : Quartz ( Middle East ) () 26
Americans have more money to spend, but the Delta variant of the coronavirus is giving them fewer opportunities to spend it.The growth in US consumer spending slowed to 0.3% in July, even though household incomes rose by 1.1% and inflation pressures have eased somewhat, according to data from the Bureau of Economic Analysis released on Aug. 27. The incongruity suggests that the Delta variant of the coronavirus is beginning to trip up spending and the US economic recovery.Covid-19 cases began to climb sharply towards the beginning of July, propelled by the Delta variant, which spreads faster than the original coronavirus. By the end of that month, the Delta variant was responsible for at leas

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