The U.S. economy will be hampered by high unemployment and a plodding recovery because of the coronavirus pandemic, Goldman Sachs CEO David Solomon said.
. That is happening as millions of unemployed face the end of enhanced benefits while lawmakers debate the contours of the next relief package.
He added that the U.S. will "run with very, very high unemployment for an extended period of time" as the services industry in particular will struggle to return to previous levels, even after a vaccine is created.
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