Economists warn of growing risk of second Covid-19 wave in the US

Federal Reserve Chairman warned that a second wave of Covid-19 infections could hurt public confidence and economic recovery

Economists are warning of the growing risk of a second coronavirus (Covid-19) wave in the US as reopening efforts continue across the nation, which currently accounts for the highest number of both coronavirus cases and deaths in the world.

"The re-opening of the economy without a vaccine always presented the obvious risk of a second wave, which is by far the largest risk to a steady economic recovery," economists at Wells Fargo Securities Economics Group wrote in a report on Friday.

"While the US as a whole saw the slowest pace of new case growth since March on Tuesday, it