Despite the fact that there is a sector of Americans who have expressed their fear of the increase in the Delta variant of Covid – 19 and that it triggers an economic impact unfavorable for the country.
Despite this, CNBC announced that businessman Bill Ackman reported that the spread of the Delta variant, in his opinion, does not represent a significant threat to economic reopening . In addition, the billionaire said that interest rates are rising as a result of the economic recovery.
Ackman added that he hopes that people who still do not get vaccinated will do so soon “I do not think it will change the behavior to a great extent ”, in reference to the national economy. So he added, “in my opinion, they are going to see a massive economic boom, we are going to have a strong economy in the fall .”
The Delta variant is causing outbreaks in unvaccinated areas of the country and has generated an increase in hospitalizations as cases have risen. This fact has put millions of Americans on alert, who due to the fear of an increase in infections may refuse to go out .
Ackman , founder and CEO of Pershing Square Capital Management, said the variant is less deadly than other strains and the United States could achieve herd immunity faster as more people recover from infections.
The hedge fund manager has bet heavily on the rebound in the restaurant, retail and hospitality industries. Its top holdings at the end of the first quarter included Lowe’s, Hilton, Restaurant Brands and Chipotle. Recently, it recovered the shares of Domino’s Pizza after a setback.
Since January the US economy has had an upward trend in the recovery, especially because with the advance of vaccination, businesses have already been able to open massively, which means that millions of people have rejoined the world of work .
Despite the fact that the employer has said that does not see an economic deterioration in the country due to the virus variant, millions of Americans still need to fill the vacancies available in the various companies for there to be talk of a full recovery of employment and the economy at the national level.
The fact that fear is spreading due to the new Delta variant could mean that the vacancies are not filled as quickly as has been projected, because according to the federal agencies the recovery of employment in the country will be able to enjoy of good health in the middle of 2022.
Ta You may also be interested in: Know which states give tax benefits for back-to-school purchases