VOICED : EEUU cierra mas de una decada de bonanza con crisis del coronavirus

VOICED : EEUU cierra mas de una decada de bonanza con crisis del coronavirus

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Interactive Video

Business, Social Studies, History

9th - 12th Grade

Hard

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The COVID-19 pandemic severely impacted the US economy in the first quarter, with a 4.8% contraction, marking the largest decline since the 2008 financial crisis. The Department of Commerce noted that the full economic effects of the pandemic are not fully captured in the GDP estimate. The sharp contraction reflects the halt in activity in late March, leading to massive job losses due to restrictive measures. There were significant shifts in demand as people moved to remote work and study, and consumer spending patterns changed. Analysts predict a deeper impact in the second quarter, with potential double-digit contraction, reflecting the harshest weeks of lockdown. The US has the highest death toll from COVID-19, with over 58,000 fatalities.

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OPEN ENDED QUESTION

3 mins • 1 pt

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