Risk assets are assets that have significant price volatility such as equities commodities high-yield bonds real estate and currencies. Many individuals left the labor force over this period and by April 2020 the labor force participation rate3 declined to 602 a level not seen since the early 1970s.
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In July 2021 the NBER declared that the recession that was triggered at the beginning of the COVID-19 pandemic ended in April 20204 This makes the COVID-19 recession the shortest recession on.
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