Geo-economics

COVID-19, US GDP and productivity loss: What we know 

workplaces like this warehouse need personal interaction in order to operate, which was limited during COVID-19

"Contact-intensive industries, to varying degrees, rely on physical proximity and personal interaction to operate." Image: UNSPLASH/Adrian Sulyok Avatar

Pablo D. Azar
Economist, Federal Reserve Bank of New York's Research and Statistics Group
Kyra Frye
senior research analys, The Federal Reserve Bank of New York's Research and Statistics Group.
Victoria E. Agwam
Summer Analyst, Federal Reserve Bank of New York’s Research and Statistics Group.
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a diagram showing the spillover effects of COVID-19 on the supply chain network
Spillover effects of COVID-19 on the supply chain network Image: Liberty Street Economics

a diagram showing that pandemic-related shocks to contact-intensive industries induced a marked decline in GDP
Pandemic-related shocks to contact-intensive industries induced a marked decline in GDP. Image: SafeGraph; U.S. Bureau of Economic Anaysis; authors’ calculations.

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Related topics:
Geo-economicsCOVID-19Pandemic Preparedness and Response
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September 29, 2023

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