ABSTRACT

COVID-19 and the U.S. Economy [Updated May 11, 2021]   [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 fiscal and monetary policy on the economy, most specifically on GDP and personal income. Finally, the report closes with a discussion about the economic landscape moving forward and the potential lasting impacts to the economy from both the pandemic and the recession."

Report Number:
CRS Report for Congress, R46606
Author:
Publisher:
Date:
2021-05-11
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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