ABSTRACT

COVID-19 and the U.S. Economy [November 16, 2020]   [open pdf - 1MB]

From the Introduction: "This report provides a synopsis of the economic conditions caused by the pandemic and the theoretical context for how and why economic conditions deteriorated so rapidly in many cases. The report discusses the following economic indicators: employment and unemployment, GDP [gross domestic product] and its components, saving, productivity, and inflation. The report then discusses the impacts of recent fiscal and monetary policy on the economy, most specifically on GDP and personal income. The policy discussion also includes the expiration of certain provisions from the CARES [Coronavirus Aid, Relief, and Economic Security] Act and how these expirations might affect the economy. Finally, the report closes with a conversation of the economic landscape moving forward, what a recovery might look like, and potential lasting impacts to the economy from both the pandemic and the recession."

Report Number:
CRS Report for Congress, R46606
Author:
Publisher:
Date:
2020-11-16
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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