Economy
Economy Articles
China may have a reason to post numbers that are better than expected. It may want to show its economy has not been wounded as badly as that of other large nations.
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The economy already was getting bad in the first quarter due to the impacts of the coronavirus, but March’s reading on industrial production went deep into contraction. In fact, it was worse than...
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In the April revision to its World Economic Outlook, the International Monetary Fund forecasts that global GDP will drop by 3.0% in 2020.
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U.S. small business owners have been especially hard hit by the shutdowns forced by the coronavirus outbreak. Nearly half may have to close permanently in the next six months.
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It should now be little or no surprise that the United States is in a recession, and it should not be a surprise that the forecasters are calling for a "contractionary state" for the first half of...
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Not a large fraction, or even a majority. 100% of the economists at the widely regarded NABE (National Association of Business Economists) say the U.S. is already in a recession–a very rare...
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Unprecedented times call for unprecedented actions. The Federal Reserve, Treasury and even politicians in America have managed to forge together bailout and rescue packages to fight the COVID-19...
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IMF managing director Kristalina Georgieva said Thursday that the developed nations of the world need to step up to help emerging and developing economies survive and recover from the coronavirus...
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It was a difficult mental and physical transition to move from an 11 year raging bull market to an instant recession and bear market in 2020. The stock market has to lose 10% for a “stock market...
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Credit rating agency Fitch Ratings has updated its global economic forecast and now expects the coronavirus pandemic to cause a global recession this year as economic activity tumbles by nearly 2%.
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With a recession all but certain in the coming economic reports, it's hard to get excited about some of the economic reports that would have included data ahead of the mass layoffs and furloughs.
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U.S. consumer confidence continues to decline, but the slide has slowed. On Sunday, the FDA and the Department of Health and Human Services okayed two drugs for use in the fight against COVID-19.
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Consumer sentiment in March declined by nearly 12% compared with February, the fourth-largest drop in nearly 50 years in the index maintained by the University of Michigan.
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Consumer confidence fell again overnight, but the steepness of the drop has tapered off.
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It was no secret that the number of jobless claims was going to be bad as the COVID-19 delivered an instant recession to the global economy.
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