The weird pandemic recession delivers a trade surprise

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Like the rest of the world’s economies, the US has been battered by the coronavirus pandemic. But its recent performance, including the almost unprecedented bull run on the transpacific trade over the past few months, seems to defy normal economic logic.

However, as this long read from Quartz explains, there are unique features to the pandemic-induced recession, such as the shutdown of the hospitality and services industry which left consumers who still have jobs with little else to spend their money ...