Impact of COVID-19 on the United States economy and the policy response

cepal.bibLevelDocumento Completo
cepal.callNumberS2000540_en
cepal.docTypeInformes periódicos
cepal.jobNumberS2000540_en
cepal.sdg1
cepal.topicEngCOVID-19
cepal.topicEngECONOMIC GROWTH
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngHEALTH
cepal.topicEngMACROECONOMICS
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaCOVID-19
cepal.topicSpaCRECIMIENTO ECONÓMICO
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaSALUD
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.entityNU. CEPAL
dc.coverage.spatialEngUNITED STATES
dc.coverage.spatialSpaESTADOS UNIDOS
dc.date.accessioned2020-09-01T21:33:03Z
dc.date.available2020-09-01T21:33:03Z
dc.date.issued2020-08-31
dc.description.abstractThe outbreak of the coronavirus disease (COVID-19) pandemic has upended the global and United States economies, exacting a large human toll and shutting down major economic sectors. While there is significant uncertainty about United States economic growth prospects, the impact of the pandemic is severe. The record-long United States economic expansion came to an end as a result of the COVID-19 pandemic, with forecasts of a deep recession in 2020. The outlook remains highly uncertain, as it is difficult to gauge the social and economic impact of the pandemic, which will depend on the success of containing the outbreak and the measures to restart economic activity. The economic policy response to the COVID-19 pandemic has been substantial and immediate. Three stimulus packages were approved by the United States Congress in March to address the impact on households and businesses. New legislation was also approved in April and June to improve the effectiveness of the programmes included in the previous three fiscal packages. The United States Federal Reserve cut interest rates to the zero lower bound, offered unlimited quantitative easing and deployed old and new policy tools aimed at keeping financial markets functioning.
dc.description.tableOfContentsIntroduction .-- I. The record-long United States economic expansion comes to an end .-- II. Collapse in employment .-- III. Slump in industrial production and retail sales .-- IV. Financial markets were hit hard and fast V. Disrupted trade flows and supply chains .-- VI. Strong impact on migration .-- VII. United States economic policy response: strong and prompt .-- VIII. Longer-term challenges.
dc.formatTexto
dc.format.extent30 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/11362/45984
dc.language.isoeng
dc.physicalDescription30 p.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.translationLanguagespa
dc.relation.translationRecordImpacto del COVID-19 en la economía de los Estados Unidos y respuestas de política
dc.relation.translationUrihttps://hdl.handle.net/11362/45981
dc.rights.coarDisponible
dc.subject.unbisEngCOVID-19
dc.subject.unbisEngVIRUSES
dc.subject.unbisEngPANDEMICS
dc.subject.unbisEngVIRAL DISEASES
dc.subject.unbisEngECONOMIC ASPECTS
dc.subject.unbisEngECONOMIC CONDITIONS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngEMPLOYMENT
dc.subject.unbisEngINDUSTRIAL PRODUCTION
dc.subject.unbisEngCAPITAL MARKETS
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngMIGRATION
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngFISCAL POLICY
dc.subject.unbisEngHEALTH
dc.subject.unbisSpaCOVID-19
dc.subject.unbisSpaVIRUS
dc.subject.unbisSpaPANDEMIAS
dc.subject.unbisSpaENFERMEDADES VIROSICAS
dc.subject.unbisSpaASPECTOS ECONOMICOS
dc.subject.unbisSpaCONDICIONES ECONOMICAS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaEMPLEO
dc.subject.unbisSpaPRODUCCION INDUSTRIAL
dc.subject.unbisSpaMERCADOS DE CAPITAL
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaMIGRACION
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaPOLITICA FISCAL
dc.subject.unbisSpaSALUD
dc.titleImpact of COVID-19 on the United States economy and the policy response
dc.type.coarpublicación seriada
dspace.entity.typePublication
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