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Discussion Paper

Economic Resilience in the COVID-19 Pandemic


Abstract: The global spread of COVID-19 virus in early 2020, and the measures taken to contain it pushed the global economy into a deep contraction. As illustrated in Figure 1, global GDP fell 10.5 percent below its pre-pandemic level in the second quarter of 2020.

https://doi.org/10.17016/2380-7172.3060

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2022-07-01

Number: 2022-07-01-1