Greater New York City is opening up slowly. This contradicts the monetary policy-induced boom on the stock market. Typically, the metropolitan area contributes around 10 percent to American economic output.
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Normality is far from returning in Manhattan.
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First the lockdown due to the corona pandemic, then the night curfews due to rioting in connection with the protests against police violence – and now New York City is finally looking forward to a slow return to normal. It’s summer, sunshine, and when walking through the streets you can feel with every fiber that people are finally enjoying life again, wanting to go out and consume again.
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