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Economic Resilience in the COVID-19 Pandemic

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Abstract

The global spread of COVID-19 virus in early 2020, and the measures taken to contain it pushed the global economy into a deep contraction. As illustrated in Figure 1, global GDP fell 10.5 percent below its pre-pandemic level in the second quarter of 2020.

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  • Emily Highkin & Eva Van Leemput, 2022. "Economic Resilience in the COVID-19 Pandemic," FEDS Notes 2022-07-01-1, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2022-07-01-1
    DOI: 10.17016/2380-7172.3060
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    File URL: https://www.federalreserve.gov//econres/notes/feds-notes/economic-resilience-in-the-covid-19-pandemic-20220701.htm
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