The economy of EE UU suffers in 2020 the mayor caida from the Second World War | Economy

According to the EEU Federal Reserve’s gloomy prognosis on the slowdown in economic recovery, the public has been reporting on the annual GDP growth rate for 2020, with only the result recorded in 1946, immediately following the Second War of 3.5% of the economy due to the impact of the covid-19 crisis, according to a preliminary estimate from the Department of Commerce. The pandemic as synonymous with recession; the PIB as a barometer of a devastation without precedents in times of peace.

It was decided to enter into recession in February 2020, over 128 months of crime, in the quarter of the year since the economy experienced a recovery with a crime of 4%, according to the annual indicator employed in the United States. The figure, however, is inferior to the forecast by analysts, which hopes a crime rate of 4.4%. If there is an indicator that uses other countries, the crime between October and December was 1%. The employment loss — there are millions less work-related costs and a 6.7% paycheck — the massive number of small businesses and an unequivocally dismantled one of the most important years in which to work in the Middle East which is about the country of the new coronavirus strains.

The Department of Commerce sub-report that the GDP period in 2020 reflects contractions in the housing of the hogares, the exports, the private inversion in the residential area and a reduction in the guest of the Local and State Administrations, in part compensated by the increases of the partidas del Gobierno federale. Exports will increase by 13% this year and personal consumption will decrease by 3.9%. These preliminary dates will be revised in a new evaluation on February 25th.

It is the first time that the annual crime rate has been contraindicated since 2009, during the Great Recession, when the economy was reduced by 2.5%. Nothing that was, in fact, with the reduction of 1946, which fell by 11.6% due to the dismantling that followed the bright contest. In each case, the economy of the year 2020 has been marked by the high levels, the first degree, coinciding with the first pandemic, the vernacular, with a 7.4% increase compared to the first repertoire of economic activity, and the deceleration of the last quarter of what alerted these markets the Federal Reserve, by direct effect of the second and third months of the sanitary crisis.

With the virus having a good control of the country, economists say that the crime of the economy will be negative in the first quarter of this year, before any eventual action by the government, including the estimates of the Government of Joe Biden, who promised aid worth $ 1.9 trillion, and the pace of vacancies is generalized and leads to a majority of estates. According to the new Administration, the collective bargaining effort will be launched soon. It will also be used in direct aid to the poor and needy, through the programs of estimates approved in 2020. The benefits of the first will be paid exactly in the last quarter of this year, while being announced by the Biden Administration, of the last years’ aid has not been paid to its beneficiaries while producing the relevant in the White House, the third week of January.

Consumption retraction in the last quarter of 2020, as a consequence of the virus and the decline in the adoption of the ultimate aid plan by the Congress, has enhanced the good behavior of the unique sectors that have reached positive dates, the manufacturer and the the construction. The sector most affected by the pandemic and the consequent crippling parties or totals of activity are the services, and in particular the most precarious workers (in its majority, women and members of communities such as Latin and African American).