U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak

Daniel Lewis, Karel Mertens and James Stock

No 26954, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the response to the novel Coronavirus in the United States. The WEI shows a strong and sudden decline in economic activity starting in the week ending March 21, 2020. In the most recent week ending March 28, the WEI indicates economic activity has fallen further to -6.19% scaled to 4 quarter growth in GDP.

JEL-codes: C51 E01 E66 (search for similar items in EconPapers)
Date: 2020-04
New Economics Papers: this item is included in nep-env and nep-mac
Note: EFG ME
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Citations: View citations in EconPapers (58)

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