US recession ended in April 2020, making it shortest on reco

US recession ended in April 2020, making it shortest on record | Money


Tuesday, 20 Jul 2021 05:20 AM MYT
People line up outside a newly reopened career centre for in-person appointments in Louisville, US, April 15, 2021. — Reuters pic
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WASHINGTON, July 20 — The US recession touched off by the coronavirus lasted only two months, ending with a low point reached in April 2020 after the start of a sharp drop in economic activity in March of that year, the US Business Cycle Dating Committee announced Monday.
The committee, a group of macroeconomists who assign the start and end dates of US business cycles, said that while the country had by no means gotten back to normal operating capacity at that point, indicators of both jobs and production “point clearly to April 2020 as the month of the trough,” with a rebound beginning in May.

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