Economists: The U.S. Economy Fell Into Recession In February

William James

"... The U.S. economy entered a recession in February.."

The New York Times

The United States officially entered a recession in February 2020, the committee that calls downturns announced on Monday, marking the beginning of the first economic downturn since the 2007 to 2009 slump.

The National Bureau of Economic Research said that the economy hit its peak in February and had since fallen into a downturn, as pandemic-related shutdowns tanked activity and brought an end to a record-long expansion — one that had lasted 128 months.

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