Dow Jones futures fell by as much as 162 points Monday night.
Analysts are warning of a “double-dip” recession if lockdown restrictions lead to a second wave of Covid-19 infections.
Economy Risks Double-Dip Recession: AnalystsMarkets have rallied in recent weeks on hopes that the U.S. economy would soon reopen–ending months of lockdown that has displaced tens of millions of workers.
In an interview with Yahoo Finance, Frankel said:The push to reopen the economy is making a W-shaped recovery very much more likely.
A ‘W-shaped’ path entails a double-dip recession where the economy recovers momentarily before plunging again.

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