CU2018. Announcements and Introduction | U.S. Economic Growth Battles COVID-19 in 2020?

Economic activity fell by a record amount in the second quarter of 2020 as businesses shutdown across the country and unemployment reached levels not seen since the Great Depression. In housing, record-low mortgage rates have helped the industry remain relatively resilient in the face of the uncertainty seen in most other industries. Though the country has started reopening, the coronavirus is still having an impact on economic activity.

Learning Objectives:

• Understand the upside and downside risks that the U.S. economy faces in the coming months
• Understand the trends in U.S. growth and the housing market as the US economy faces the challenges posed by COVID-19
• Understand the outlook for the U.S. economy over the next 18-24 months