Business Standard

Sunday, December 22, 2024 | 04:14 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Covid-19 impact: Fed sees slow, uneven recovery from slowdown in US economy

More than 30 million Americans have filed for unemployment claims in the last six weeks

Federal Reserve building | Photo: Reuters
Premium

US coronavirus infections have continued to mount, topping 1.1 million so far, and some epidemiologists forecast more than 130,000 dead by early August. | Photo: Reuters

Agencies
The US economy could start to recover in the second half of the year after what is shaping up to be the worst recession in decades, but growth is likely to be slow and uneven, several top Federal Reserve policymakers indicated on Tuesday.
Their less-than-sanguine assessments came as a majority of US states began or moved toward reopening their economies, locked down for weeks to slow the spread of the coronavirus.
More than 30 million Americans have filed for unemployment claims in the last six weeks, and US President Donald Trump has pushed for a reboot to economic activity to mend household

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in