Events similar to or like COVID-19 recession
Severe global economic crisis which has caused a recession in some nations and in others a depression. Wikipedia
The economic impact of the COVID-19 pandemic in the United States has been largely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. In 2020, the U.S. GDP contracted at a 3.5% annualized rate. Wikipedia
Heavily defined by the COVID-19 pandemic, which led to global social and economic disruption, mass cancellations and postponements of events, worldwide lockdowns and the largest economic recession since the Great Depression of the 1930s. Geospatial World also called it "the worst year in terms of climate change" in part due to major climate disasters worldwide, including major bushfires in Australia and the western United States, as well as extreme tropical cyclone activity affecting large parts of North America. Wikipedia
The COVID-19 pandemic has had far-reaching economic consequences beyond the spread of the disease itself and efforts to quarantine it. As the SARS-CoV-2 virus has spread around the globe, concerns have shifted from supply-side manufacturing issues to decreased business in the services sector. Wikipedia
The economic impact of the global COVID-19 pandemic on the United Kingdom has been largely disruptive. It has adversely affected travel, financial markets, employment, a number of industries, and shipping. Wikipedia
Sentences forCOVID-19 recession
- From 1 January to 31 March 2020 the economy had started to grow, but then it experienced another decline due to the COVID-19 economic recession.
- At national level, the greatest two challenges that the Orban cabinet tried to monitor, control, and solve are the ongoing COVID-19 pandemic as well as its affiliated recession.
- However, the Covid-19 recession once again led to deflation in 2020, with consumer good prices quickly falling, prompting heavy government stimulus worth over 20% of GDP.
- Nevertheless, the Great Recession and COVID-19 recession have had a major impact on millennials because they have caused historically high levels of unemployment among young people.
- The restrictions imposed caused a severe recession, an unprecedented rise in unemployment and caused major damage to all sectors.
- Approximately 5.4 million Americans lost their health insurance from February to May 2020 after losing their jobs during the COVID-19 recession.
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