沙俄版图扩张史 美国史上最长经济扩张期结束,2月已陷入衰退

美国史上最长经济扩张期结束,2月已陷入衰退  

The economic downturn in the US triggered by the pandemic has been officially declared a recession.
The National Bureau of Economic Research made the designation on Monday
citing the scale and severity of the current contraction.
It said activity and employment hit a "clear" and "well-defined" peak in February
before falling.
该机构表示，今年2月份，美国的经济活动和就业达到了一个“清晰”且“明确”的峯值，之后开始下降。
The ruling puts a formal end to what had been more than a decade of economic expansion - the longest in US history.
Meanwhile
US markets continued their rebound on Monday
as investors remained optimistic that the downturn will be short-lived.
A recession was expected after the US economy contracted 5% in the first three months of the year.
Employers also reported cutting roughly 22 million jobs in March and April
as restrictions on activity intended to help control the virus forced many businesses to close.
Some economists are hopeful that the job losses have now stopped
and a rebound has begun. In May
US employers added 2.5 million jobs
as states started reopening.
The National Bureau of Economic Research
a private research anisation
said it viewed the scale of the decline that started in February as more significant than its duration.
"The unprecedented magnitude of the decline in employment and production
and its broad reach across the entire economy
warrants the designation of this episode as a recession
even if it turns out to be briefer than earlier contractions
" it said.
The bureau typically defines a recession as an economic contraction that lasts "more than a few months".
It has declared 12 recessions since 1948
the longest of which was the Great Recession
which lasted 18 months
from December 2007 to June 2009.
US financial markets
which tumbled in February amid signs of the economic collapse
have been on the upswing since March
due to investor hopes that economic damage will be limited
thanks to emergency relief from Congress and the central bank.
On Monday
the Nasdaq index closed at 9
924.7
gaining 1.1% to top its pre-pandemic record.
The S&P 500 rose 1.2% to close at 3
232.3 - returning to where it started the year - while the Dow Jones Industrial Average climbed 1.7% to 27
572.4. The o indexes are now less than 10% lower than their pre-pandemic peaks.
Many economists have warned that the economic pain is likely to linger
even if the worst has passed.
The World Bank on Monday said it expected the global economy to shrink by 5.2% this year
in the deepest recession since World War Two.
It said it expected the US economy to contract by 6.1% and the Euro area to shrink by 9.1%.
While global growth of 4.2% is expected to return next year
the bank warned that the outlook is "highly uncertain and downside risks are predominant
including the possibility of a more protracted pandemic
financial upheaval and retreat from global trade and supply linkages".