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COVID-19 Stuns U.S. and Tenth District Economies, but Both Show Signs of Stabilization

Author

Listed:
  • Jason Brown
  • Alison Felix

Abstract

COVID-19 and attempts to slow its spread have led to a decline in economic activity unprecedented in both severity and speed. Although every part of the United States experienced dramatic decreases in activity, states in the Tenth Federal Reserve District, with lower COVID-19 cases as a percentage of the population, have fared slightly better. More recently, national and regional measures of business and consumer activity have improved but remain well below pre-pandemic levels.

Suggested Citation

  • Jason Brown & Alison Felix, 2020. "COVID-19 Stuns U.S. and Tenth District Economies, but Both Show Signs of Stabilization," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, June.
  • Handle: RePEc:fip:fedkeb:88220
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    More about this item

    Keywords

    Tenth Federal Reserve District; Economy; Pandemic; Employment; Consumer Spending; COVID-19;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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