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On January 20, Chinese authorities announced the confirmation that human-to-human transmission of the coronavirus had already occurred. [19] [20]The first recorded U.S. case of the new virus was also reported on January 20, in a 35-year-old American citizen traveling from Wuhan, China, to his home in Washington state.
Due to the COVID-19 pandemic, Congress and President Trump enacted the $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 18, 2020. The Congressional Budget Office estimated that the budget deficit for fiscal year 2020 would increase to $3.3 trillion or 16% GDP, more than triple that of 2019 and the largest ...
Though not severe, this downturn lasted for nearly two years and saw a distinct decline in the national product. Industrial and commercial production both declined, albeit fairly modestly. [26] The recession came about a year after a 1901 stock crash. Panic of 1907: May 1907 – June 1908 1 year 1 month 2 years 9 months −29.2% −31.0%
The COVID-19 pandemic ranks as the deadliest disaster in the country's history. [43] It was the third-leading cause of death in the U.S. in 2020, behind heart disease and cancer. [44] From 2019 to 2020, U.S. life expectancy dropped by three years for Hispanic and Latino Americans, 2.9 years for African Americans, and 1.2 years for White ...
'The pandemic has exacerbated this trend' The health of a region’s economy is generally correlated with the size of its population, and the pandemic saw major population changes across the country.
The timeline of the COVID-19 pandemic lists the articles containing the chronology and epidemiology of SARS-CoV-2, [1] the virus that causes the coronavirus disease 2019 and is responsible for the COVID-19 pandemic. The first human cases of COVID-19 occurred in Wuhan, People's Republic of China, on or about 17 November 2019. [2]
Some believe that this crisis - an aftershock of the Covid-19 pandemic - is symptomatic of a decline in physical community spaces where quality connections can blossom.
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...