COVID-19 is expected to reduce the U.S. gross domestic product, GDP, by $2.5 trillion and employment by 19 million full-time equivalent jobs over the next year, according to a Texas A&M AgriLife coordinated study.This spring Texas A&M’s Department of Homeland Security, DHS, Center of Excellence Cross-Border Threat Screening and Supply Chain Defense, or CBTS, teamed up with Arizona State University’s DHS Center of Excellence, the Center for Accelerating Operational Efficiency, and researchers at the Victoria University in Australia to examine the economic impacts of COVID-19 on U.S. agricultural sectors.
Source: Study: $2.5 trillion loss in goods, services due to COVID-19 | AgriLife Today