Global EditionASIA 中文雙語Fran?ais
    World
    Home / World / Americas

    Inconsistent efforts by US states to contain pandemic will likely prolong recession: Fed official

    Xinhua | Updated: 2020-08-13 09:05
    Share
    Share - WeChat
    A healthcare worker hands a test kit to a motorist at a drive-in coronavirus (COVID-19) testing center at M.T.O. Shahmaghsoudi School of Islamic Sufism on August 11, 2020 in Los Angeles, California. [Photo/Agencies]

    WASHINGTON - Limited or inconsistent efforts by US states to contain the COVID-19 pandemic will likely prolong the economic recession, a senior US Fed official said on Wednesday.

    "While the fiscal and monetary stimulus has been significant, it cannot fully offset the economic drain caused by the public health crisis," Eric Rosengren, president of the Federal Reserve Bank of Boston, said in remarks prepared for an online presentation to the South Shore Chamber of Commerce in Massachusetts.

    "Limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens at unnecessary risk of severe illness and possible death - but are also likely to prolong the economic downturn," he said.

    The US economy contracted at an annual rate of 32.9 percent in the second quarter of the year, the steepest decline since the government began keeping records in 1947, according to the Commerce Department.

    While US states that re-opened early and quickly lifted restrictions saw a short-term increase in economic activity, it came at a cost with rising rates of infections, which resulted in less spending more recently, Rosengren noted.

    "In short, lifting restrictions too early and too quickly hurt both the economy and public health down the road," he said, adding states should be carefully calibrating their actions to data going forward, especially when schools open in the fall and more activities move inside as the seasons change.

    "Failure to take quick actions to suppress the virus could result in more severe economic outcomes as well as the unnecessary loss of life," said the Fed official.

    Rosengren stressed that the trajectory of the economic recovery will be determined more by the path of the virus than by the path of policymaking, and the recent slowdown in economic activity is likely to continue due to resurgences of the virus.

    "As long as the virus poses significant threats to public health, a full economic recovery will be very difficult as individuals, often voluntarily, avoid activities that place their health at risk," he said.

    The number of COVID-19 cases in the United States topped 5.16 million as of Wednesday afternoon with more than 165,000 deaths, according to a tally by Johns Hopkins University.

    Most Viewed in 24 Hours
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    色窝窝无码一区二区三区成人网站| 免费A级毛片无码A∨中文字幕下载| 天堂网www中文在线| 亚洲AV无码成人精品区在线观看| 精品久久久久久久久中文字幕| 丰满少妇人妻无码| 亚洲AV无码乱码在线观看裸奔| 最近中文字幕无免费| 在线看福利中文影院| 国产精品无码专区| 亚洲Av无码专区国产乱码DVD | 精品久久久久久无码人妻热| 亚洲精品无码成人AAA片| 乱人伦人妻中文字幕无码| 亚洲中文字幕无码专区| 成人无码小视频在线观看| 亚洲AV无码国产丝袜在线观看| 无码H黄肉动漫在线观看网站| 人妻少妇久久中文字幕| 人妻无码人妻有码中文字幕| 国产精品成人无码久久久久久 | 亚洲AV中文无码乱人伦| 久久婷婷综合中文字幕| 中文字幕人妻无码一区二区三区 | 精品久久久久久久久久中文字幕| 中文字幕精品亚洲无线码二区| 日韩精品无码久久一区二区三| 国产网红主播无码精品 | 久久久久成人精品无码中文字幕| 无码人妻丰满熟妇啪啪| 中文字幕国产精品| 大地资源中文在线观看免费版| 一区二区三区无码高清视频| 天堂√中文最新版在线| 亚洲中文字幕无码久久2020| 久久精品中文字幕无码绿巨人 | 亚洲人成中文字幕在线观看| 中文字幕精品亚洲无线码一区| 99久久无色码中文字幕| 人妻精品久久久久中文字幕 | 无码视频在线观看|