Thomas E. Williams II
(850) 258-8670
[email protected]
Menu
Emerald Coast Living

A U.S. recession began in February in the face of coronavirus

Posted on - By Christopher Rugaber The Associated Press

WASHINGTON — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record.The economists said that employment, income and spending peaked in February and then fell sharply afterward as the viral outbreak shut down businesses across the country, marking the start of the downturn after nearly 11 full years of economic growth.A committee within the National Bureau […]