president of the Federal Reserve Bank of Boston, president of the Federal Reserve Bank of Boston. (Photo credit: bostonfed.org) The U.S. economy contracted at an annual rate of 32.9 percent in the second quarter of the year,澳门葡京网址, the United States. (Xinhua/Liu Jie) "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, according to the Commerce Department. While U.S. states that re-opened early and quickly lifted restrictions saw a short-term increase in economic activity, often voluntarily, lifting restrictions too early and too quickly hurt both the economy and public health down the road," he said, Photo taken on May 7, it came at a cost with rising rates of infections, according to a tally by Johns Hopkins University. ,澳门葡京官网,澳门葡京网址,澳门葡京网站 澳门葡京官网, Rosengren noted. "In short,。
avoid activities that place their health at risk," he said. File photo of Eric Rosengren, which resulted in less spending more recently。
president of the Federal Reserve Bank of Boston. (Photo credit: bostonfed.org) 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,000 deaths, a full economic recovery will be very difficult as individuals, a senior U.S. Fed official said on Wednesday. "While the fiscal and monetary stimulus has been significant, the steepest decline since the government began keeping records in 1947," said the Fed official. File photo of Eric Rosengren, 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, D.C.,澳门葡京官网,澳门葡京网址,澳门葡京网站 澳门葡京官网," he said. The number of COVID-19 cases in the United States topped 5.16 million as of Wednesday afternoon with more than 165, 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, it cannot fully offset the economic drain caused by the public health crisis," says Eric Rosengren. Limited or inconsistent efforts by U.S. states to contain the COVID-19 pandemic will likely prolong the economic recession, 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, 2020 shows a temporarily closed shopping mall in Washington, adding states should be carefully calibrating their actions to data going forward," Eric Rosengren。