Category: Economy

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IMF chief predicts three-year financial hit from coronavirus

IMF chief predicts three-year financial hit from coronavirus

Struggling and bankrupt authorities have long-dreaded IMF situations on lending, together with strict limits on authorities outlays and privatizin [...]
Pandemic fallout: 40 % of lower-income households hit by job losses

Pandemic fallout: 40 % of lower-income households hit by job losses

13 % of all U.S. adults, or 20 % of people that had been employed in February, had been laid off or furloughed because the pandemic started sweepi [...]
A brief recession or a deep melancholy? America’s reopening presents excessive situations

A brief recession or a deep melancholy? America’s reopening presents excessive situations

A muddled, middle-ground situation can be doable — one by which purple states open sooner and lots of blue states go slowly, a phenomena that's al [...]
Trump sticks with constructive messaging as coronavirus distress piles up

Trump sticks with constructive messaging as coronavirus distress piles up

Economists largely don't share the president’s rosy view, nor his assurances that the third and fourth quarters of 2020 will robotically transitio [...]
Lamar Alexander warns ‘not sufficient cash’ to assist everybody

Lamar Alexander warns ‘not sufficient cash’ to assist everybody

Sen. Lamar Alexander, R-Tenn. | Susan Walsh/AP Photograph Congress will not have the ability to applicable sufficient cash to assist all these [...]
Kudlow baffled by Obama’s criticism of Trump administration

Kudlow baffled by Obama’s criticism of Trump administration

Trump on Friday downplayed the report unemployment charge and claimed that "these jobs shall be again and so they'll be again very quickly." Reque [...]
‘They’re doing it for politics’: Trump says some Democrats don’t need financial system to get better

‘They’re doing it for politics’: Trump says some Democrats don’t need financial system to get better

The president made the same suggestion earlier Friday, implying state and native Democratic officers had been persevering with to implement corona [...]
Grim enterprise outlook clouds Trump’s hopes for ‘large rebound’

Grim enterprise outlook clouds Trump’s hopes for ‘large rebound’

Including to the market’s dangers: Shares now look comparatively costly relative to their historic averages. One gauge, the “ahead 12-month value [...]
Trump launches a coronavirus restoration tour in opposition to a grim backdrop

Trump launches a coronavirus restoration tour in opposition to a grim backdrop

“I feel we’re going to have an unbelievable following 12 months,” Trump mentioned from the Lincoln Memorial. “We’re going to enter a transition wi [...]
Kudlow: Administration is on ‘pause’ earlier than deciding on extra virus aid

Kudlow: Administration is on ‘pause’ earlier than deciding on extra virus aid

“We've got to execute the final package deal. And the numbers are very robust. These are the small enterprise loans,” Kudlow mentioned. “100 seve [...]
U.S. economic system shrank at 4.8% fee final quarter as virus struck

U.S. economic system shrank at 4.8% fee final quarter as virus struck

That will be, by a wide ranging margin, the bleakest quarter since such information had been first compiled in 1947. It could be 4 occasions the d [...]
Economists urge Republicans to disregard the deficit

Economists urge Republicans to disregard the deficit

However economists from a broad vary of ideological backgrounds are encouraging Congress to maintain spending to fight catastrophic job losses — a [...]
Backlash grows as pandemic aid stumbles

Backlash grows as pandemic aid stumbles

Huge hospital chains that see essentially the most aged sufferers have to date acquired essentially the most federal funds; executives of the for- [...]
Nothing is sufficient: Governing throughout coronavirus

Nothing is sufficient: Governing throughout coronavirus

POLITICO Illustration/Getty Pictures What's coming? We have not seen an financial disaster like this since earlier than WWII or a well being [...]
Is the Coronavirus Killing Off Money?

Is the Coronavirus Killing Off Money?

Final month, Sq.’s Dorsey prodded the federal government (by way of tweet, in fact) to let his funds firm and others within the fintech business a [...]
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