trump would not want you to know or believe this....he wants people think it was the virus when actually things started falling apart several weeks before
The U.S. entered a recession in February, according to the ...
https://
www.cnbc.com/2020/06/08/the-us-entered-a...
Jun 08, 2020 · The National Bureau of Economic Research, which determines recessions, said the U.S. peaked in
February. That brought to an end a 128-month …
U.S. Economy Plunged Into Recession in February - The New ...
https://
www.nytimes.com/2020/06/08/business/...
Jun 08, 2020 · WASHINGTON — The United States economy officially entered a
recession in
February 2020, the committee that calls downturns announced on Monday, bringing the longest expansion on record to an end ...
US recession began in February in the face of coronavirus
The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record.
The economists said that employment, income and spending peaked in February and then fell sharply afterward as the viral outbreak shut down businesses across the country, marking the start of the downturn after nearly 11 full years of economic growth.
A committee within the National Bureau of Economic Research, a trade group, determines when recessions begin and end. It broadly defines a recession as “a decline in economic activity that lasts more than a few months.”
For that reason, the NBER typically waits longer before making a determination that the economy is in a downturn. In the previous recession, the committee did not declare that the economy was in recession until December 2008, a year after it had actually begun. But in this case, the NBER said the collapse in employment and incomes was so steep that it could much more quickly make a determination.
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