U.S. economy entered recession in February 2020—Here's the breakdown
发布时间 2022-07-17 10:05:16 来源
摘要
CNBC's Kelly Evans discusses the U.S. economy in recession with CNBC's Steve Liesman and Jim Poterba, president of the National Bureau of Economic Research.
Have the past few months made you reconsider how and why you spend your money? CNBC Make It would like to hear from you. Email reporter Alicia Adamczyk at alicia.adamczyk@nbcuni.com.
The U.S. economy officially peaked in February and has since entered a recession, ending the longest expansion on record, the National Bureau of Economic Research declared Monday.
This recession — spurred by the coronavirus pandemic and subsequent public health response — is an unusual one, NBER’s Business Cycle Dating Committee said in a statement. However, “the unprecedented magnitude of the decline in employment and production, and its broad reach across the entire economy, warrants the designation of this episode as a recession, even if it turns out to be briefer than earlier contractions.”
A recession is “a significant decline in economic activity spread across the economy” typically lasting a few months, per NBER. The U.S. economy had been expanding for 128 months, since January 2009, before peaking in February 2020. It’s been declining the past four months as the coronavirus pandemic has closed down much of the economy and led to over 42 million Americans filing jobless claims.
If you’re worried about what that means for your money, here’s what you need to know.
For access to live and exclusive video from CNBC subscribe to CNBC PRO:
https://cnb.cx/2JdMwO7
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.
Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
#CNBC TV
GPT-4正在为你翻译摘要中......
