Economy
April 18, 2020
Beige Book Shows Sharp Drop in Economic Activity
Written by Sandy Williams
Economic activity contracted “sharply and abruptly” last month, according to the Federal Reserve’s Beige Book report. The report, covering activity through April 6, showed leisure and hospitality industries bearing the brunt of the decline.
“All Districts reported highly uncertain outlooks among business contacts, with most expecting conditions to worsen in the next several months,” said the report.
