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Economic panel says COVID-19 recession ended April 2020, lasting just two months


Economic panel says COVID-19 recession ended April 2020, lasting just two months
By Sylvan Lane
© Getty Images
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 Committee measures recessions from the peak of economic activity before the downturn through the lowest point before it began recovering. 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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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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COVID-19 pandemic recession ended in April 2020, shortest on record


COVID-19 pandemic recession ended in April 2020, shortest on record
By Christopher Rugaber
President Biden remarks on economic recovery in U.S.
President Joe Biden delivers remarks on the economic recovery and emphasizes the need for bipartisan infrastructure plan and ‘Build Back Better’ agenda.
WASHINGTON - It hit like a derailed train, was hugely destructive but short-lived.
The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.
The U.S. economy reached a peak in February 2020, the National Bureau of Economic Research’s Business Cycle Dating Committee said Monday. The recession began the following month and ended in April. ....

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