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The National Bureau of Economic Research declared the end of this recession over a year after the end date. [79] The Dow Jones Industrial Average finally reached its lowest point on March 9, 2009. [80] COVID-19 recession: February 2020 – April 2020 [81] [82] [83] 2 months 10 years 8 months 14.7% (April 2020) [84] −19.2% [85]
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. [1][2][3][4] Within seven months, every advanced economy had fallen to recession. [5 ...
This brought the total confirmed U.S. deaths due to coronavirus to 22: 19 in Washington, 1 in California, and 2 in Florida. Hawaii: Second case is reported by Governor David Ige and State health officials is an elderly man who tested positive after returning from travel to Washington state earlier in the month.
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 (COVID-19) 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]
The following year, the unemployment rate fell below 3.5% and a major spike in the repo market occurred, prompting fears of a recession. The expansion would end in March 2020 due to the novel coronavirus which caused a pandemic that resulted in the 2020 stock market crash. [18] April 2020- Ongoing: TBD: TBD: TBD
The labor market weakening that never arrived. The US economy lost more than 9 million jobs in 2020, the largest calendar-year decline on record, according to the Bureau of Labor Statistics. The ...
The 2020–21 Budget will be handed down on 6 October, delayed from May. [111] Treasury estimates now place Australia on track to experience a depression, with Australia experiencing a 0.25% contraction in GDP in the 2019–20 financial year, and predictions now expecting a greater than 2.5% contraction in the financial year of 2020–21. [112]
From March 1, 2020, through the end of 2020, there were 522,368 excess deaths in the United States, or 22.9% more deaths than would have been expected in that time period. [5] In February 2020, at the beginning of the pandemic, a shortage of tests made it impossible to confirm all possible COVID-19 cases [6] and resulting deaths, so the early ...