A woman walks by a boarded up Cartier store on 5th Avenue in New York on Monday. Photo: AFP A woman walks by a boarded up Cartier store on 5th Avenue in New York on Monday. Photo: AFP
A woman walks by a boarded up Cartier store on 5th Avenue in New York on Monday. Photo: AFP

US recession began in February amid coronavirus pandemic, ending longest expansion in history

  • National Bureau of Economic Research, which made the official designation, cites ‘unprecedented magnitude’ and ‘broad reach’ of decline
  • World Bank projects that international economic activity will shrink by 5.2 per cent this year, the deepest global downturn since end of World War II

Topic |   Coronavirus US
A woman walks by a boarded up Cartier store on 5th Avenue in New York on Monday. Photo: AFP A woman walks by a boarded up Cartier store on 5th Avenue in New York on Monday. Photo: AFP
A woman walks by a boarded up Cartier store on 5th Avenue in New York on Monday. Photo: AFP
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