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Prospects for the US economy to end-2020

Content type:: Expert Briefings
Location:: PROSPECTS H2 2020
Keywords associated with this article:: Geographic: United States INT NA PROSPECTS H2 2020

Topical: economy consumer employment fiscal growth investment monetary corporate manufacturing private sector productivity public sector wages
ISSN:: 2633-304X
Citation:: Oxford Analytica (2020), "Prospects for the US economy to end-2020", Expert Briefings.
https://doi.org/10.1108/OXAN-DB253295

Wednesday, June 17, 2020

Subject

Prospects for the US economy to end-2020.

Significance

Economic activity suddenly stopped in mid-March to curb the spread of COVID-19, ending the longest GDP expansion ever. Tens of millions of employees have been laid off but the government has mitigated further damage by sending all citizens money, offering unemployed workers extra insurance, and offering firms different types of loans that will be forgiven if they keep paying salaries, rent and utility expenses. Activity is restarting, sector by sector, community by community, but the recovery will be disjointed.

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