U.S. Economic Outlook: First Half 2020

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/WAS/TS.2020/6
cepal.docTypeDocumentos de proyectos e investigación
cepal.jobNumberS2000669_en
cepal.regionalOfficeWashington
cepal.topicEngCOVID-19
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngHEALTH
cepal.topicEngMACROECONOMICS
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaCOVID-19
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaSALUD
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL. Oficina de Washington
dc.coverage.spatialEngUNITED STATES
dc.coverage.spatialSpaESTADOS UNIDOS
dc.date.accessioned2020-10-08T20:17:24Z
dc.date.available2020-10-08T20:17:24Z
dc.date.issued2020-10-08
dc.description.abstractThe U.S. economy shrank at a 32.7% annual rate in the second quarter of 2020 and at a 5% pace in the first. The decline was driven by a big collapse in private consumption, concentrated in the services sector. Shutdowns to stem the spread of the coronavirus had a deep impact on the economy, particularly on the services sector. Economic forecasts project a rebound in the third quarter that would recoup about half of the output lost in the first half of the year. To return to the previous peak recorded in the final quarter of last year, the economy would need to grow at roughly the same pace in the fourth quarter, but private forecasts point to a much lower (single-digit) growth rate, suggesting the recovery will be protracted. The economic policy response was prompt and strong in the early phase of the pandemic (equivalent to 13% of GDP).The size and content of another package of still much needed relief measures is currently under discussion. The economic outlook remains highly uncertain, as it depends on containing the spread of the virus, developing an effective vaccine, and on new policy measures to support the recovery.
dc.formatTexto
dc.format.extent29 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/WAS/TS.2020/6
dc.identifier.urihttps://hdl.handle.net/11362/46077
dc.language.isoeng
dc.physicalDescription29 p.
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngINDUSTRY
dc.subject.unbisEngEMPLOYMENT
dc.subject.unbisEngINFLATION
dc.subject.unbisEngMONETARY POLICY
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngECONOMIC TRENDS
dc.subject.unbisEngCOVID-19
dc.subject.unbisEngPANDEMICS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaINDUSTRIA
dc.subject.unbisSpaEMPLEO
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaPOLITICA MONETARIA
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaTENDENCIAS ECONOMICAS
dc.subject.unbisSpaCOVID-19
dc.subject.unbisSpaPANDEMIAS
dc.titleU.S. Economic Outlook: First Half 2020
dc.type.coarlibro
dspace.entity.typePublication
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