In a year of extraordinary challenges, positive signals are emerging that the economy is regaining its momentum

The first few months of 2020 were unlike anything we’ve ever experienced. Uncertainty surrounding the coronavirus outbreak triggered the fastest and sharpest decline in the stock market on record and pushed the U.S. economy into its first recession in more than a decade, with millions of Americans out of work. But by early June, the stock market had recovered much of its losses from the bottom on March 23, and key parts of the economy had already begun to show signs of improvement.