The recession that broke out with the onset of the coronavirus pandemic lasted just two months, officially ended in April 2020. That makes it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end. The U.S. economy reached a peak in February 2020, the National Bureau of Economic Research’s Business Cycle Dating Committee said Monday. The NBER said the recession ended that month because that is when the economy reached its lowest point in terms of jobs and output. The economy’s output of goods and services likely reached its pre-pandemic level in the April-June quarter, analysts estimate.

Source: ABC News July 19, 2021 18:12 UTC