Impact of COVID-19 on the United States economy and the policy response

The outbreak of the coronavirus disease (COVID-19) pandemic has upended the global and United States economies, exacting a large human toll and shutting down major economic sectors. While there is significant uncertainty about United States economic growth prospects, the impact of the pandemic is se...

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Otros Autores:	NU. CEPAL
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2020
Materias:	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO EMPLEO PRODUCCION INDUSTRIAL MERCADOS DE CAPITAL MIGRACION POLITICA ECONOMICA POLITICA FISCAL SALUD ENFERMEDADES VIROSICAS COMERCIO INTERNACIONAL VIRUSES EPIDEMICS VIRAL DISEASES ECONOMIC ASPECTS ECONOMIC CONDITIONS ECONOMIC GROWTH EMPLOYMENT INDUSTRIAL PRODUCTION CAPITAL MARKETS INTERNATIONAL TRADE ECONOMIC POLICY FISCAL POLICY HEALTH MIGRATION
Acceso en línea:	http://hdl.handle.net/11362/45984
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spelling	oai-11362-459842020-11-11T23:41:18Z Impact of COVID-19 on the United States economy and the policy response NU. CEPAL COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO EMPLEO PRODUCCION INDUSTRIAL MERCADOS DE CAPITAL MIGRACION POLITICA ECONOMICA POLITICA FISCAL SALUD ENFERMEDADES VIROSICAS COMERCIO INTERNACIONAL COVID-19 VIRUSES EPIDEMICS VIRAL DISEASES ECONOMIC ASPECTS ECONOMIC CONDITIONS ECONOMIC GROWTH EMPLOYMENT INDUSTRIAL PRODUCTION CAPITAL MARKETS INTERNATIONAL TRADE ECONOMIC POLICY FISCAL POLICY HEALTH MIGRATION The outbreak of the coronavirus disease (COVID-19) pandemic has upended the global and United States economies, exacting a large human toll and shutting down major economic sectors. While there is significant uncertainty about United States economic growth prospects, the impact of the pandemic is severe. The record-long United States economic expansion came to an end as a result of the COVID-19 pandemic, with forecasts of a deep recession in 2020. The outlook remains highly uncertain, as it is difficult to gauge the social and economic impact of the pandemic, which will depend on the success of containing the outbreak and the measures to restart economic activity. The economic policy response to the COVID-19 pandemic has been substantial and immediate. Three stimulus packages were approved by the United States Congress in March to address the impact on households and businesses. New legislation was also approved in April and June to improve the effectiveness of the programmes included in the previous three fiscal packages. The United States Federal Reserve cut interest rates to the zero lower bound, offered unlimited quantitative easing and deployed old and new policy tools aimed at keeping financial markets functioning. Introduction .-- I. The record-long United States economic expansion comes to an end .-- II. Collapse in employment .-- III. Slump in industrial production and retail sales .-- IV. Financial markets were hit hard and fast V. Disrupted trade flows and supply chains .-- VI. Strong impact on migration .-- VII. United States economic policy response: strong and prompt .-- VIII. Longer-term challenges. 2020-09-01T21:33:03Z 2020-09-01T21:33:03Z 2020-08-31 Texto Documento Completo http://hdl.handle.net/11362/45984 en .pdf application/pdf ESTADOS UNIDOS UNITED STATES ECLAC
institution	Cepal
collection	Cepal
language	English
topic	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO EMPLEO PRODUCCION INDUSTRIAL MERCADOS DE CAPITAL MIGRACION POLITICA ECONOMICA POLITICA FISCAL SALUD ENFERMEDADES VIROSICAS COMERCIO INTERNACIONAL COVID-19 VIRUSES EPIDEMICS VIRAL DISEASES ECONOMIC ASPECTS ECONOMIC CONDITIONS ECONOMIC GROWTH EMPLOYMENT INDUSTRIAL PRODUCTION CAPITAL MARKETS INTERNATIONAL TRADE ECONOMIC POLICY FISCAL POLICY HEALTH MIGRATION
spellingShingle	COVID-19 VIRUS EPIDEMIAS ASPECTOS ECONOMICOS CONDICIONES ECONOMICAS CRECIMIENTO ECONOMICO EMPLEO PRODUCCION INDUSTRIAL MERCADOS DE CAPITAL MIGRACION POLITICA ECONOMICA POLITICA FISCAL SALUD ENFERMEDADES VIROSICAS COMERCIO INTERNACIONAL COVID-19 VIRUSES EPIDEMICS VIRAL DISEASES ECONOMIC ASPECTS ECONOMIC CONDITIONS ECONOMIC GROWTH EMPLOYMENT INDUSTRIAL PRODUCTION CAPITAL MARKETS INTERNATIONAL TRADE ECONOMIC POLICY FISCAL POLICY HEALTH MIGRATION Impact of COVID-19 on the United States economy and the policy response
description	The outbreak of the coronavirus disease (COVID-19) pandemic has upended the global and United States economies, exacting a large human toll and shutting down major economic sectors. While there is significant uncertainty about United States economic growth prospects, the impact of the pandemic is severe. The record-long United States economic expansion came to an end as a result of the COVID-19 pandemic, with forecasts of a deep recession in 2020. The outlook remains highly uncertain, as it is difficult to gauge the social and economic impact of the pandemic, which will depend on the success of containing the outbreak and the measures to restart economic activity. The economic policy response to the COVID-19 pandemic has been substantial and immediate. Three stimulus packages were approved by the United States Congress in March to address the impact on households and businesses. New legislation was also approved in April and June to improve the effectiveness of the programmes included in the previous three fiscal packages. The United States Federal Reserve cut interest rates to the zero lower bound, offered unlimited quantitative easing and deployed old and new policy tools aimed at keeping financial markets functioning.
author2	NU. CEPAL
author_facet	NU. CEPAL
format	Texto
title	Impact of COVID-19 on the United States economy and the policy response
title_short	Impact of COVID-19 on the United States economy and the policy response
title_full	Impact of COVID-19 on the United States economy and the policy response
title_fullStr	Impact of COVID-19 on the United States economy and the policy response
title_full_unstemmed	Impact of COVID-19 on the United States economy and the policy response
title_sort	impact of covid-19 on the united states economy and the policy response
publisher	ECLAC
publishDate	2020
url	http://hdl.handle.net/11362/45984
_version_	1718438505722413056

Impact of COVID-19 on the United States economy and the policy response

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