Economic News – September 2020

The rebound in jobs, production and consumer spending in recent months strongly indicates that the recovery from the harsh Covid-19 recession is underway.

Economic News – August 2020

Just as government-mandated lockdowns sent the economy into a tailspin in March and April, the lifting of restrictions and the reopening of businesses propelled activity higher in May and June.

Economic News – July 2020

The healing process has begun. With important economic data for May now in the books, it looks like the economy hit bottom in April.

Economic News – June 2020

The coronavirus recession has hit the U.S. with tremendous force. Following the sizeable 4.8 percent contraction in GDP during the first quarter – putting an end to the longest expansion on record—activity is poised to plunge by a depression-like 30-40 percent annual rate in the second quarter.

Economic News – May 2020

The Covid-19 recession continues to wreak havoc on all sectors of the U.S. economy. Assuming 10-12 weeks of social-distancing and shelter-in-home restrictions from mid-March, the economy is poised to suffer the worst contraction during the second quarter than any time World War 11.

Economic News – April 2020

It won’t be confirmed for at least several months, but the U.S. is almost certainly hurtling into a recession. A little over a month ago, when the Covid-19 coronavirus first hit the headlines we, along with most economists, thought the nation could weather the storm if proper policies were quickly implemented

Economic News – March 2020

During this record-long expansion, now in its eleventh year, the economy has struggled through seven episodes in which its growth engine has downshifted sharply – to about 1 percent or less for a given quarter.

Economic News – February 2020

The economy ended 2019 with a bit more momentum than expected, as consumers ramped up spending and home construction soared to a 13- year high in December.

Economic News – January 2020

As the curtain rings down on 2019, the year will be remembered for a number of hits and misses. Perhaps the biggest hit is that the economy completed a marathon, having outlasted all previous expansions by at least six months and still going.

All Brookline Bank locations will close at 4:00 pm on Tuesday, March 7th so we may celebrate employees at our annual recognition event.