Recession ended in April 2020, making it shortest on record
19/07/2021 18:08
WASHINGTON, July 19 (Reuters) - The recession touched off by
the coronavirus lasted only two months, ending with a "trough"
reached in April 2020 just one months after a sharp drop in
economic activity the month before, the U.S. Business Cycle
Dating Committee announced Monday.
The committee, a group of macroeconomists that assign the
start and endpoints on U.S. 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.
(Reporting by Howard Schneider)
((howard.schneider@thomsonreuters.com; +1 202 789 8010;))