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The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...
The UK-based Centre for Economics and Business Research projected that China's "skilful management of the pandemic" would cause the Chinese economy to surpass the United States and become the world's largest economy by nominal GDP in 2028, five years sooner than previously expected. [306] [307]
The United States exited recession in late 1949, and another robust expansion began. This expansion coincided with the Korean War, after which the Federal Reserve initiated more restrictive monetary policy. The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 ...
In the United States, some Democratic politicians, [57] [58] economists and observers [59] have contended that price gouging and 'greedflation' exacerbated the inflation surge in the United States. [ 57 ] [ 60 ] [ 61 ] They argue that the market concentration that has occurred in recent decades in some major industries, especially retailing ...
Pages in category "Economic crises in the United States" The following 24 pages are in this category, out of 24 total. This list may not reflect recent changes .
[b] The COVID-19 pandemic also saw the emergence of misinformation and conspiracy theories, [39] and highlighted weaknesses in the U.S. public health system. [17] [40] [41] In the United States, there have been 103,436,829 [3] confirmed cases of COVID-19 with 1,209,547 [3] confirmed deaths, the most of any country, and the 17th highest per ...
The United States has a highly developed mixed economy. [40] [41] [42] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [43]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
The UK-based Centre for Economics and Business Research projected that China's "skilful management of the pandemic" would cause the Chinese economy to surpass the United States and become the world's largest economy by nominal GDP in 2028, five years sooner than previously expected. [299] [300] China's economy expanded by 2.3% in 2020. [301]