The Good, Bad And Ugly: Economic Lessons Learned From The Recession Of 2020

The American economy is still grappling with the implications of COVID-19 and the lockdown-induced recession.

The Business Cycle Dating Committee at the National Bureau of Economic Research — which tracks the length of American recessions and expansions — defines a recession as the time between a “peak” and “trough” in economic activity. Last year, economic activity peaked in February before bottoming out in April — meaning that the recession of 2020 was the shortest ever recorded in American history.