The EUEU’s economy contracted 3.5% in 2020, mayor caida since 1946

Wrapped in the garrison of the peor pandemic in a sail, the economy of the state sufrió the year passed the mayor caida from 1946. The 4% increase in the last three months of 2020 was due to the expectation of the expectations and openings to amortize a small stake.

In conjunction with a year before the coronavirus and the restrictions imposed by the goblins of the 50 states to prevent the propagation, the GDP counteracts a 3.5% and sets the prospects for 2021. The economic downturn is taking place over the course of the pandemic 10 months ago and the deepest recession that has occurred, with tens of millions of stadiums that are quedaron without work.

The information provided by these stores by the Department of Commerce estimates that the total production of goods and services in the United States declined sharply in the quarter of October to December, a record increase of 33.4% in the quarter of July to September. This increase was followed by a record annual record of 33.4% in the April-June quarter, when the economy went free.

The last pandemic is over Economic expansion most registered in the United States: 11 consecutive years. The data from the media implemented to contain the circulation of the hiccup virus that PIB will meet at an annual rate of 5% in the first quarter of March of this year. Since then, miles of businesses have been closed, 10 million people are working and more than 400,000 people have died as a result of COVID-19.

The estimated GDP of 2020 for 2020 is the first of its kind from a surplus of 2.5% in 2009, during the recession that followed the financial crisis of 2008. This was the year of deepest recession since the economy contracted by 11.6% in 1946, when the economy was destabilizing through the Second World War. The most disastrous annual contraction in records recorded in 1930 was 12.9% in 1932, during the Great Depression..

The governing body informs the first of the three estimates of the last quarterly crime. The figure will be revised twice a week in the following weeks.

The perspectives for the 2021 economy are looking confusing. The economists advise that it is not probable that a recovery will be produced until the vacancies are distributed and administered in all the countries and the government of the government extends through all economics, a process that probably lives months.

These fairs the Federal Reserve has taken note of the economic arrangements that the country has to pay. Mantuvo’s case of reference interest in a minimum historical close and subrayo that seguiría applying its policies bags both have that recovery is well monitored. The Fed recognizes that the economy has struggled in recent months, and that contracts have been debited specifically in the sectors affected by the pandemic, as well as in all restaurants, bars, hotels and other public relations with the public. .

The incorporation of staff in the United States has slowed down during its consecutive months, and hecho will lose jobs in December by the first of April. The labor market has debilitated debt due to the pandemic and the more free climate it has disrupted in the states of traveling, buying, selling and renting places to visit. Minority sales have decreased over the course of three consecutive months.

My past, The Gobierno announced a $ 900,000 million aid package, and President Joe Biden was pressuring the legislators to approve it. on an economic aid plan of USD 1.9 billion. As a matter of fact, the proposal of the flaming mandate was met with the resistance of many Republicans who said that the cost had been raised and some of its benefits were worth living.

Many economists advised that, without more help, the economy will face the risk of succumbing to another recession. Señalan that large part of the assistance to the details of the package of USD 900,000 million expires in March.

“The economy is following up”, dijo Mark Zandi, economist jefe of Moody’s Analytics. “The fortunes of the economy in the finals of this year will depend on the evolution of the virus and the efficiency of vacancies and mitigation efforts.”

Zandi predijo que the economy will expand to an annual rate of 4.4% in the current quarter and will launch crème de la crème final year finals at 5 per cent. However, it predicts that its forecast will be based on the promotion of more federal aid, and hopes that Biden will initially approve the approval of the Congress only for the purpose of its USD 1.9 billion proposal.

Zandi estimates that 5 million labor costs will never be paid, which obliges industry examples such as restaurants and bars to find work in other sectors.

“We lost a lot of bad services in restaurants, hotels and transportation”, dijo Sung Won Sohn, Professor of Economics and Business at the Loyola Marymount University of Los Angeles.

(With AP information)

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