Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters
The Hill: Economic panel says COVID-19 recession ended April 2020, lasting just two months
The recession caused by the coronavirus pandemic was the shortest economic downturn in modern U.S. history, a panel of economic experts declared Monday.
A panel of the National Bureau of Economic Research (NBER), a private nonprofit, said that the coronavirus recession spanned late February through early April, roughly two months from start to finish.
NBER’s Business Cycle Dating Committee measures recessions from the peak of economic activity before the downturn through the lowest point before it began recovering.
U.S. economic activity peaked in late February before the emergence of the pandemic shut down much of the country and began recovering sometime in April, the committee said.
Read more ....
WNU Editor: Really?
More News On An Economic Panel Saying The U.S. Covid Recession Ended On April
Pandemic Recession Ended in April 2020, Shortest on Record -- AP
The covid recession is officially over, and it was the shortest on record -- CNN
It’s official: The Covid recession lasted just two months, the shortest in U.S. history -- CNBC
0 Response to "Economic Panel Says U.S. COVID-19 Recession Lasted Just Two Months. Ended April 2020"
Post a Comment