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The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...
During times of economic uncertainty, it’s important to focus on strategies that can help protect your wealth. While the economy may not be in a recession, it’s important to remain prepared.
For example, the NBER didn't declare the recent pandemic-related recession in March 2020 an official recession until July 2021. The contrarian: Michael Burry of "The Big Short" fame in 2015.
The pandemic led to governments providing an unprecedented amount of stimulus, and was also a factor in the 2021–2022 global energy crisis and 2022–2023 food crises. The pandemic affected worldwide economic activity, resulting in a 7% drop in global commercial commerce in 2020.
The Sahm Rule, developed by economist Claudia Sahm, says that the US economy has entered a recession if the three-month average of the national unemployment rate has risen 0.5% or more from the ...
An inverted yield curve can indicate that a recession may be on the horizon as it has historically often preceded economic downturns with lead times ranging from several months to over a year. Especially the disinversion, a move back into positive territory for the spread between the shorter (e.g. 3-month or 2-year) yield and the longer (e.g ...
'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.