U.S. Economic Outlook: First Half 2020

The U.S. economy shrank at a 32.7% annual rate in the second quarter of 2020 and at a 5% pace in the first. The decline was driven by a big collapse in private consumption, concentrated in the services sector. Shutdowns to stem the spread of the coronavirus had a deep impact on the economy, particul...

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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 INFLACION POLITICA MONETARIA POLITICA FISCAL COMERCIO INTERNACIONAL TENDENCIAS ECONOMICAS COVID-19 ECONOMIC CONDITIONS ECONOMIC INDICATORS INDUSTRY EMPLOYMENT INFLATION MONETARY POLICY FISCAL POLICY INTERNATIONAL TRADE ECONOMIC TRENDS
Acceso en línea:	http://hdl.handle.net/11362/46077
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id	oai-11362-46077
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spelling	oai-11362-460772020-10-08T20:53:39Z U.S. Economic Outlook: First Half 2020 NU. CEPAL. Oficina de Washington CONDICIONES ECONOMICAS INDICADORES ECONOMICOS INDUSTRIA EMPLEO INFLACION POLITICA MONETARIA POLITICA FISCAL COMERCIO INTERNACIONAL TENDENCIAS ECONOMICAS COVID-19 ECONOMIC CONDITIONS ECONOMIC INDICATORS INDUSTRY EMPLOYMENT INFLATION MONETARY POLICY FISCAL POLICY INTERNATIONAL TRADE ECONOMIC TRENDS COVID-19 The U.S. economy shrank at a 32.7% annual rate in the second quarter of 2020 and at a 5% pace in the first. The decline was driven by a big collapse in private consumption, concentrated in the services sector. Shutdowns to stem the spread of the coronavirus had a deep impact on the economy, particularly on the services sector. Economic forecasts project a rebound in the third quarter that would recoup about half of the output lost in the first half of the year. To return to the previous peak recorded in the final quarter of last year, the economy would need to grow at roughly the same pace in the fourth quarter, but private forecasts point to a much lower (single-digit) growth rate, suggesting the recovery will be protracted. The economic policy response was prompt and strong in the early phase of the pandemic (equivalent to 13% of GDP).The size and content of another package of still much needed relief measures is currently under discussion. The economic outlook remains highly uncertain, as it depends on containing the spread of the virus, developing an effective vaccine, and on new policy measures to support the recovery. 2020-10-08T20:17:24Z 2020-10-08T20:17:24Z 2020-10-08 Texto Documento Completo http://hdl.handle.net/11362/46077 LC/WAS/TS.2020/6 en .pdf application/pdf ESTADOS UNIDOS UNITED STATES ECLAC
institution	Cepal
collection	Cepal
language	English
topic	CONDICIONES ECONOMICAS INDICADORES ECONOMICOS INDUSTRIA EMPLEO INFLACION POLITICA MONETARIA POLITICA FISCAL COMERCIO INTERNACIONAL TENDENCIAS ECONOMICAS COVID-19 ECONOMIC CONDITIONS ECONOMIC INDICATORS INDUSTRY EMPLOYMENT INFLATION MONETARY POLICY FISCAL POLICY INTERNATIONAL TRADE ECONOMIC TRENDS COVID-19
spellingShingle	CONDICIONES ECONOMICAS INDICADORES ECONOMICOS INDUSTRIA EMPLEO INFLACION POLITICA MONETARIA POLITICA FISCAL COMERCIO INTERNACIONAL TENDENCIAS ECONOMICAS COVID-19 ECONOMIC CONDITIONS ECONOMIC INDICATORS INDUSTRY EMPLOYMENT INFLATION MONETARY POLICY FISCAL POLICY INTERNATIONAL TRADE ECONOMIC TRENDS COVID-19 U.S. Economic Outlook: First Half 2020
description	The U.S. economy shrank at a 32.7% annual rate in the second quarter of 2020 and at a 5% pace in the first. The decline was driven by a big collapse in private consumption, concentrated in the services sector. Shutdowns to stem the spread of the coronavirus had a deep impact on the economy, particularly on the services sector. Economic forecasts project a rebound in the third quarter that would recoup about half of the output lost in the first half of the year. To return to the previous peak recorded in the final quarter of last year, the economy would need to grow at roughly the same pace in the fourth quarter, but private forecasts point to a much lower (single-digit) growth rate, suggesting the recovery will be protracted. The economic policy response was prompt and strong in the early phase of the pandemic (equivalent to 13% of GDP).The size and content of another package of still much needed relief measures is currently under discussion. The economic outlook remains highly uncertain, as it depends on containing the spread of the virus, developing an effective vaccine, and on new policy measures to support the recovery.
author2	NU. CEPAL. Oficina de Washington
author_facet	NU. CEPAL. Oficina de Washington
format	Texto
title	U.S. Economic Outlook: First Half 2020
title_short	U.S. Economic Outlook: First Half 2020
title_full	U.S. Economic Outlook: First Half 2020
title_fullStr	U.S. Economic Outlook: First Half 2020
title_full_unstemmed	U.S. Economic Outlook: First Half 2020
title_sort	u.s. economic outlook: first half 2020
publisher	ECLAC
publishDate	2020
url	http://hdl.handle.net/11362/46077
_version_	1718438362957742080

U.S. Economic Outlook: First Half 2020

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