Signs the 2020 recession may already be over
By
Paul R. La Monica, CNN Business
Published Jun 29, 2021 7:27:25 AM
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endIndex: People congregate in front of the decorations during the Macy s Flower Show at Macy s Herald Square amid the coronavirus pandemic on May 2.
(CNN) America s Covid-induced recession has been a painful one but it could ultimately be short.
The official arbiter, the National Bureau of Economic Research, hasn t said this downturn is over. Yet it sure feels like the economy is back in recovery mode with upbeat signs in jobs, housing and stocks.
Some experts think this recession is a mirror image of the one in 1918, which was also sparked by a pandemic: the global influenza outbreak. That downturn lasted just 7 months and was the second shortest on record.
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