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CLAIM ID

507bc4a4

The U.S. economy was performing very well before the COVID-19 pandemic.

The U.S. economy was in an expansion mode until the corona pandemic caused disruption.

The U.S. economy was in an expansion mode until the corona pandemic caused disruption. The United States is the world's largest economy, and the onset of the COVID-19 pandemic in March 2020 resulted in a shrinking economy.

When President Donald Trump took over the office in 2017, he had inherited an economy that was into its 91st month of economic expansion following the Great Recession in June 2009. That expansion continued into 2020, which is the longest on record to date. The GDP numbers included several quarters with growth well above 3.5 percent. The job market was at its prime, with total (private and government) payroll employment rising every month for 113 straight months. The National Bureau of Economic Research (NBER) had determined that a peak in monthly economic activity occurred in the U.S. economy in February 2020.

However, the COVID-19 pandemic caused considerable disruption in the economic activities, and all the parameters were down, as evidenced in the months after February 2020.

The COVID-19 pandemic has given rise to a lot of potentially dangerous misinformation. For reliable advice on COVID-19 including symptoms, prevention and available treatment, please refer to the World Health Organisation or your national healthcare authority.

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