U.S. Economic Outlook: 2019 in review and early 2020 developments

Highlights • The record long U.S. economic expansion is coming to an end, as a result of the COVID-19 pandemic. Shutdowns to stem the spread of the virus have already had an impact on the economy, and are already visible in some preliminary data for March, ranging from jobless claims to factory o...

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Otros Autores:	NU. CEPAL. Oficina de Washington
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2020
Materias:	CONDICIONES ECONOMICAS INDICADORES ECONOMICOS INDUSTRIA EMPLEO POLITICA MONETARIA POLITICA FISCAL INFLACION COMERCIO EXTERIOR VIRUS EPIDEMIAS TENDENCIAS ECONOMICAS COVID-19 ECONOMIC CONDITIONS ECONOMIC INDICATORS INDUSTRY EMPLOYMENT MONETARY POLICY FISCAL POLICY INFLATION FOREIGN TRADE VIRUSES EPIDEMICS ECONOMIC TRENDS
Acceso en línea:	http://hdl.handle.net/11362/45420
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spelling	oai-11362-454202020-04-20T19:31:19Z U.S. Economic Outlook: 2019 in review and early 2020 developments NU. CEPAL. Oficina de Washington CONDICIONES ECONOMICAS INDICADORES ECONOMICOS INDUSTRIA EMPLEO POLITICA MONETARIA POLITICA FISCAL INFLACION COMERCIO EXTERIOR VIRUS EPIDEMIAS TENDENCIAS ECONOMICAS COVID-19 ECONOMIC CONDITIONS ECONOMIC INDICATORS INDUSTRY EMPLOYMENT MONETARY POLICY FISCAL POLICY INFLATION FOREIGN TRADE VIRUSES EPIDEMICS ECONOMIC TRENDS COVID-19 Highlights • The record long U.S. economic expansion is coming to an end, as a result of the COVID-19 pandemic. Shutdowns to stem the spread of the virus have already had an impact on the economy, and are already visible in some preliminary data for March, ranging from jobless claims to factory output. The U.S. government will release its initial estimate for the first quarter of 2020 at the end of April, and a decline in growth is expected, followed by an even worse decline in the second quarter. • Three stimulus packages were approved by the U.S. Congress in March, aiming to address the impact of the COVID-19 pandemic on households and businesses. The Federal Reserve has cut interest rates to the zero-lower bound, offered unlimited quantitative easing, and deployed old tools (used in the 2008 financial crisis) and new, aimed at keeping financial markets functioning. • A U.S. recession in the first half of the year is now the baseline forecast according to market projections. The outlook remains highly uncertain and constantly changing, as new estimates of the impact of the pandemic are made and government actions further restricts the population’s mobility and economic activity. 2020-04-17T18:32:28Z 2020-04-17T18:32:28Z 2020-04-17 Texto Documento Completo http://hdl.handle.net/11362/45420 LC/WAS/TS.2020/3 en .pdf application/pdf ESTADOS UNIDOS UNITED STATES ECLAC
institution	Cepal
collection	Cepal
language	English
topic	CONDICIONES ECONOMICAS INDICADORES ECONOMICOS INDUSTRIA EMPLEO POLITICA MONETARIA POLITICA FISCAL INFLACION COMERCIO EXTERIOR VIRUS EPIDEMIAS TENDENCIAS ECONOMICAS COVID-19 ECONOMIC CONDITIONS ECONOMIC INDICATORS INDUSTRY EMPLOYMENT MONETARY POLICY FISCAL POLICY INFLATION FOREIGN TRADE VIRUSES EPIDEMICS ECONOMIC TRENDS COVID-19
spellingShingle	CONDICIONES ECONOMICAS INDICADORES ECONOMICOS INDUSTRIA EMPLEO POLITICA MONETARIA POLITICA FISCAL INFLACION COMERCIO EXTERIOR VIRUS EPIDEMIAS TENDENCIAS ECONOMICAS COVID-19 ECONOMIC CONDITIONS ECONOMIC INDICATORS INDUSTRY EMPLOYMENT MONETARY POLICY FISCAL POLICY INFLATION FOREIGN TRADE VIRUSES EPIDEMICS ECONOMIC TRENDS COVID-19 U.S. Economic Outlook: 2019 in review and early 2020 developments
description	Highlights • The record long U.S. economic expansion is coming to an end, as a result of the COVID-19 pandemic. Shutdowns to stem the spread of the virus have already had an impact on the economy, and are already visible in some preliminary data for March, ranging from jobless claims to factory output. The U.S. government will release its initial estimate for the first quarter of 2020 at the end of April, and a decline in growth is expected, followed by an even worse decline in the second quarter. • Three stimulus packages were approved by the U.S. Congress in March, aiming to address the impact of the COVID-19 pandemic on households and businesses. The Federal Reserve has cut interest rates to the zero-lower bound, offered unlimited quantitative easing, and deployed old tools (used in the 2008 financial crisis) and new, aimed at keeping financial markets functioning. • A U.S. recession in the first half of the year is now the baseline forecast according to market projections. The outlook remains highly uncertain and constantly changing, as new estimates of the impact of the pandemic are made and government actions further restricts the population’s mobility and economic activity.
author2	NU. CEPAL. Oficina de Washington
author_facet	NU. CEPAL. Oficina de Washington
format	Texto
title	U.S. Economic Outlook: 2019 in review and early 2020 developments
title_short	U.S. Economic Outlook: 2019 in review and early 2020 developments
title_full	U.S. Economic Outlook: 2019 in review and early 2020 developments
title_fullStr	U.S. Economic Outlook: 2019 in review and early 2020 developments
title_full_unstemmed	U.S. Economic Outlook: 2019 in review and early 2020 developments
title_sort	u.s. economic outlook: 2019 in review and early 2020 developments
publisher	ECLAC
publishDate	2020
url	http://hdl.handle.net/11362/45420
_version_	1718435284266254336

U.S. Economic Outlook: 2019 in review and early 2020 developments

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