2020 has been an extraordinary year for the US economy. Failure to contain COVID-19 caused a record 31.4% contraction in the second quarter, followed by the largest recorded recovery of 34.4% in the third quarter. Unemployment began in 2020 at 3.5%, a historical low, but soon peaked at 14.8%, the highest level since the Great Depression. Nearly seven million people were laid off in one week, the week ending March 28th. Higher Rock Education’s 2020 predictions proved too optimistic, but we did not anticipate COVID-19. We provide our scorecard and 2021 forecasts in the summary section. More
Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More
Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More
Economics impacts our lives every day. Check out some of the top storylines from this past week related to economics. More
