Summertime Sadness: Resurgent Virus Dims Recovery Hopes (1)

The virus is the summer house guest from hell.

Any remaining hope that the coronavirus that’s pushed the U.S., Europe and much of Asia into historic economic downturns would take a holiday has been all but crushed. The virus continues to rampage through parts of the U.S. and engulf nations across the developing world, particularly India, Brazil and South Africa. It’s made a comeback in Japan as well as areas of Europe and China.

At its current pace of about 250,000 or so new cases a day, there could be well more than 50 million infections worldwide by the end ...