link : Economic Panel Says U.S. COVID-19 Recession Lasted Just Two Months. Ended April 2020
Economic Panel Says U.S. COVID-19 Recession Lasted Just Two Months. Ended April 2020
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
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.
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WNU Editor: Really?
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