COVID-19 US Economic Impact March 2020 Update

The economic impact of the Covid-19 coronavirus pandemic on the US economy continues to expand.

Freedonia provides an updated outlook for US economic activity in 2020, 2021, 2022, 2023, & 2024, with comparisons to the predictions made in February 2020, before Covid-19 cases began spreading in the US.

Updated annual growth rates are given for the following:

  • Real Gross Domestic Product (GDP)
  • Real Personal Consumption Expenditures (PCE)
  • Real Construction Spending
  • Real Manufacturer's Shipments
  • Light Vehicle Production


The economic impact of the Covid-19 coronavirus pandemic on the US economy continues to expand.

Freedonia provides an updated outlook for US economic activity in 2020, 2021, 2022, 2023, & 2024, with comparisons to the predictions made in February 2020, before Covid-19 cases began spreading in the US.

Updated annual growth rates are given for the following:

  • Real Gross Domestic Product (GDP)
  • Real Personal Consumption Expenditures (PCE)
  • Real Construction Spending
  • Real Manufacturer's Shipments
  • Light Vehicle Production

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