Economics, Econometrics and Finance
4 years ago

US Economy Bounces Back as Real GDP Surges Post-COVID Restrictions Lifted

Research in Economics and Management
US Real GDP Growth and Impact of Covid-19
G.S. Dhameeth, L. Diasz

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The COVID-19 pandemic has hurt the US economy, causing a drop in GDP growth. By looking at real GDP per person, researchers found that the economy suffered in the second quarter of 2020 due to lockdowns and job losses. However, in the third quarter, when some restrictions were lifted, the GDP per person went up significantly.