Ultimately, the greatest economic worry tied to the delta variant is the possibility of new shutdowns. As many Americans remember all too well, the lockdowns from 2020 wrought absolute havoc upon the nation’s economy. Many investors and other Americans are therefore not very eager for a repeat.
Inflation vs. economic progress
Sadly, concerns about the economy are far from unwarranted. Inflation continues to be a thorn in the side of true economic growth. Prices are up; meanwhile, the spending power of the U.S. dollar is down. This isn’t a good combination in any type of economic scenario.
Inflation isn’t going away any time soon, though. In fact, financial experts predict that inflation will maintain well into next year. This means that, for the foreseeable future, the economy is likely to remain in a volatile state.
The liberal spending from the Biden administration has played a considerable role in the present inflation-fueled impacts on the economy. As it turns out, hefty spending packages and stimulus checks came with the adverse consequences that Republicans warned about.
