"My forecast assumes growth is held back by the response to intermittent localized outbreaks -- which might be made worse by the faster-than-expected reopenings," Chicago Federal Reserve Bank President Charles Evans said last week, expecting the U.S. economy unlikely to return to its pre-pandemic level of output until late in 2022.
"So even after three years, my projected recovery places us below where the economy would have been had the virus not occurred. Unfortunately, I think some previously expected trend growth has been permanently lost," he said.
Eric Rosengren, president of Federal Reserve Bank of Boston, estimated that U.S. unemployment rate will remain in double digits by the end of this year as efforts to contain COVID-19 so far have not been particularly successful in the country.
"This lack of containment could ultimately lead to a need for more prolonged shut-downs, which result in reduced consumption and investment, and higher unemployment," Rosengren said earlier this month, adding the economic rebound in the second half of the year is likely to be less than what was hoped for at the outset of the pandemic.
Since February, U.S. employers have shed nearly 20 million jobs from payrolls, reversing almost 10 years of job gains, according to the Labor Department. The unemployment rate jumped to a post-World War II high of 14.7 percent in April, and then moved down to a still very elevated 13.3 percent in May.
【国际英语资讯:Spotlight: Resurgence in COVID-19 threatens to derail U.S. economic recovery】相关文章:
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