It's Official: U.S. Economy Is In A Recession

life-tips
Boxes of food at are loaded at the Los Angeles Regional Food Bank on May 5. The country has officially entered a recession amid the pandemic, the National Bureau of Economic Research said Monday.

The committee tasked with marking U.S. business cycles says the economy peaked in February, and has since been in a recession triggered by the pandemic. But it said the recession could be short-lived.

(Image credit: Frederic J. Brown/AFP via Getty Images)

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