The pandemic brought down the global economy in 2020 – and USA was not immune to the shock caused by the restrictions imposed on economic activity, the drop in family income and the postponement of investments and business and personal projects.
The need for social isolation to contain the advance of made the main sectors of the economy go into free fall. At first, the industry was more affected, as there was a sudden reduction in demand with the stoppage of production.
But, from the most critical point of the crisis, between April and May, each sector had a recovery in different dynamics. With the fiscal incentive and job preservation policies created by the federal government, the industry and the commerce of goods benefited. The big winner was e-commerce, which recorded high monthly billing records and new customers joining the digital environment.
With this information, we can conclude that With the social distancing measures, USA initially faced a supply crisis, followed by a demand one. The companies had to stop part or all of the production, and the income of a good part of the population was interrupted.
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