WASHINGTON: The US recession touched off by the coronavirus lasted only two months, ending with a low point reached in April 2020 after the start of a sharp drop in economic activity in March of that year, the US Business Cycle Dating Committee said.
The committee, a group of macroeconomists who assign the start and end dates of US 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.
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