eprintid: 10160494 rev_number: 10 eprint_status: archive userid: 699 dir: disk0/10/16/04/94 datestamp: 2023-05-18 12:13:02 lastmod: 2023-05-18 12:13:02 status_changed: 2023-05-18 12:13:02 type: working_paper metadata_visibility: show sword_depositor: 699 creators_name: Lewis, Daniel creators_name: Mertens, Karel creators_name: Stock, James H title: U.S. Economic Activity during the Early Weeks of the SARS-Cov-2 Outbreak ispublished: pub divisions: UCL divisions: B03 divisions: C03 divisions: F24 note: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. abstract: This paper describes a weekly economic index (WEI) developed to track the rapid economic developments associated with the response to the novel Coronavirus in the United States. The WEI index shows a strong and sudden decline in economic activity starting in the week ending March 21, 2020. In the most recent week ending March 28, the WEI indicates economic activity has fallen further to -6.19% scaled to 4 quarter growth in GDP. date: 2020 publisher: SSRN official_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3574419 oa_status: green full_text_type: pub language: eng primo: open primo_central: open_green verified: verified_manual elements_id: 1975487 doi: 10.2139/ssrn.3574732 lyricists_name: Lewis, Daniel lyricists_id: DJLEW09 actors_name: Lewis, Daniel actors_id: DJLEW09 actors_role: owner full_text_status: public series: NBER Working Paper w26954 number: w26954 place_of_pub: Rochester, NY, USA issn: 1556-5068 citation: Lewis, Daniel; Mertens, Karel; Stock, James H; (2020) U.S. Economic Activity during the Early Weeks of the SARS-Cov-2 Outbreak. (NBER Working Paper w26954 w26954). SSRN: Rochester, NY, USA. Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/10160494/1/WEI_Corona.pdf