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
    中文精品99久久国产 | 亚洲va中文字幕无码久久不卡| 狠狠精品久久久无码中文字幕| 午夜无码中文字幕在线播放| 老子影院午夜精品无码| 亚洲av无码一区二区乱子伦as| 亚洲成人中文字幕| 无码色AV一二区在线播放| 亚洲AV无码成人专区片在线观看 | 中文字幕一区二区三区5566| 国产又爽又黄无码无遮挡在线观看 | 中文字幕乱码人在线视频1区| 国产网红无码精品视频| 伊人久久综合精品无码AV专区 | 国产亚洲大尺度无码无码专线| 中文字幕人妻无码一区二区三区| 精品国产毛片一区二区无码| 无码伊人66久久大杳蕉网站谷歌| 国产综合无码一区二区辣椒| 精品久久久久久无码中文野结衣 | 中文字幕一区二区三区永久| 久久亚洲精品中文字幕| 一区二区三区无码高清| 无码毛片一区二区三区中文字幕| 国产精品无码免费播放| 国产v亚洲v天堂无码网站| 欧洲精品久久久av无码电影| 国产成人无码av| 亚洲AV无码国产丝袜在线观看| 亚洲精品无码午夜福利中文字幕| 国产成人无码av| 亚洲精品成人无码中文毛片不卡 | 无码精品A∨在线观看| 成人A片产无码免费视频在线观看 成人无码AV一区二区 | 无套内射在线无码播放| 亚洲VA成无码人在线观看天堂| 国产台湾无码AV片在线观看| 亚洲中文字幕无码日韩| 人妻丰满熟妇无码区免费| 国精品无码一区二区三区左线| 99久久精品无码一区二区毛片|