US Real GDP Growth and Impact of Covid-19

نویسندگان

چکیده

The global pandemic, COVID-19, has exacerbated the Gross Domestic Product (GDP) growth of economy since its outbreak in December 2019. One most affected economies, due to is US economy, currently crippled by an increased number COVID-19 related deaths, layoffs, reduced work hours, and other natural disasters, such as winter storms. Hence, it imperative that damage done GDP evaluated meticulously craft favorable monetary fiscal policies uplift economic performance. key yet debated methods used many economists utilizing real per capita performance measurement tool. Using two datasets a multiple regression model, we compared between second third quarters 2020. study finds impact seems detrimental restrictions imposed on activities, business closures, disturbances supply chain, employee layoffs hours. However, quarter 2020 after some were lifted, significantly increased.

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ژورنال

عنوان ژورنال: Research in economics and management

سال: 2021

ISSN: ['2470-4393', '2470-4407']

DOI: https://doi.org/10.22158/rem.v6n2p20